Many people think that a financial plan is all about the numbers—and it’s true, the financial aspect of the plan is important and should be carefully considered in your planning. However, it is not as important as how you use these numbers to reach your goals. Without goals, it will be difficult to design and maintain an effective financial plan that will propel you toward financial success and help you achieve more in life than you ever imagined possible.

Know what you want in your life
You need to know what you want out of life before you can create an appropriate financial plan. For example, if the goal is to save for retirement, then it’s important to figure out how much money should be in your savings account each month and what rate of return you want your investment to make.
How much do you need to make it happen?
Achieving your goals requires first identifying what you would like to accomplish in the short-term, medium-term and long-term. A good financial plan should help you create these milestones and should be designed around the goal that you want to achieve with your money. For example, if you want to buy a house in five years, then your finances will need to be structured so that they allow for savings each month and investments that will grow over time.
How are you going to get there?
* Set measurable and achievable goals – Write them down, be specific, and make sure they are realistic so you can actually achieve them. * Track your progress – Document your progress in a journal or spreadsheet to keep track of how you’re doing on your monthly savings targets and what you need to do next.
Goals will always change – be flexible
Flexibility is key when it comes to setting and achieving your goals. You may think that you have specific long-term plans in mind right now, but what if an opportunity arises that could take you down a completely different path? It’s always good to be flexible so that you can adapt and meet new challenges head on. Remember, it’s not about being able to do everything; it’s about being able to do anything!

Get support from friends and family
Before you can create a financial plan, you need to know what your goals are. For example, do you want to pay off your mortgage in 10 years or 5 years? Do you want to save up for your children’s college education? Knowing these things will make it easier for you to create a budget and figure out how much money to put away each month for savings.
Have systems in place for quick reminders about your plans
It’s easy to get bogged down in the details and lose sight of your original goal or motivation. For example, if you’re saving for retirement, it’s tempting to spend the money earmarked for that on something more immediate like paying off debt or making home improvements. You’ll have to work hard not to let this happen because it will ruin your chances at achieving your long-term goal.
Remember, taking action comes first!
When it comes to money, what’s the most common mistake people make? The answer is simple: not having any! If you’re like many Americans, you might be living paycheck to paycheck and barely have enough money left at the end of the month to enjoy your life. You may think that if you just get that raise or promotion, everything will be fine, but let me tell you something: it won’t happen without planning for it first!