1. Financial Planning
STEM

2. Financial Planning
“Most people do not plan to fail. They simply fail to plan.”
What does this mean to you?
How does it apply to your money and future?

3. Five simple steps ….
Financial planning can be complete with five simple steps.
Set Goals.
Analyze Information.
Create a Plan.
Implement the Plan.
Monitor and Modify the Plan.

4. Set Goals Without a goal, you don’t know where you are heading!
In sports, the goal is what you STRIVE for. It is the same with your financial future.

5. Analyze Information
To make any decision, you must figure out what information is available to you.
After you have the information, you can make your decision.
This is the same process you may use to choose a new cell phone. Do you want a camera, Bluetooth headset, etc…?

6. Create a Plan
When you go to a new city, you usually look at a map and calculate the best way to get there.
In financial planning, your goal is your destination and your plan will get you there.

7. Implement the Plan The best made plan is useless if you do not DO IT!!
Follow your plan!

8. Monitor and Modify the Plan
Life changes, you may get married, have children, decide to go to college.
Because your plan changes, doesn’t mean your goals have to.
In basketball, you may have to pass the ball when you thought you could drive it in!! The same happens getting to your financial goal.

9. Financial Planning
Remember that it is important to keep your eye on the goal and develop your plan to get there.
With financial planning, you can do that!!