Question

What is the first step in financial planning?

Answer 1

Making an agenda to understand what you want to acheive.

Answer 2

Financial planning is a way to control finances to ensure that financial resources are used in the best possible way and with the least waste.

In this way, there are steps for successful financial planning. The first step is to be aware of all receipts and all expenses, that is, write down how much you get and how much you spend. Maybe you have a surprise doing this. Many people spend more than they realize.

Other steps are learning to apply money, live by your financial condition - without extrapolating, having realistic goals and objectives, and not getting into debt.

It is important to point out that regardless of having a concrete objective, such as buying a car or a house, having a financial planning is healthy for all people, since financial life is extremely important for the well being of people. People with disorganized financial lives go through a lot of problems and even get sick from it.