Discover straightforward investment strategies to make your money work for you and achieve your long-term financial goals.

1. IIBMS INSTITUTE
6 Quick Tips to Start Planning for
Your Financial Future

2. Contents
• Analysis of Your Current Financial Situation
• Develop Financial Goals
• Alternative Courses of Action
• Evaluate Alternatives
• Implemente a Financial action plan
• Revise your plan

3. Steps For Setting Financial Goal:
1. Write your goals and be specific: When you write your financial
goals it will help you to visualize them. It should be specific and realistic.
2. Identify your time-specific goals:
1) Short-Term Goal
2) Medium-Term Goal
3) Long-Term Goal
3. Priority : After listing your financial goals , it’s time to number them
according to your priority.

4. Analysis Of Your Current Financial Situation
Understanding your current financial situation
allows you to create an accurate budget. By
examining your income, expenses, and
spending patterns, you can allocate funds
appropriately and identify areas where you can
cut costs or save more money.

5. Develop Financial Goals
Determine your financial goals. Pull together
any relevant documents and account
statements that paint a picture of your current
financial situation. Create a short- and long-
term plan to reach your financial goals. Begin
putting your financial plan into practice

6. Alternative Courses of Action
A main course of action typically includes
continuing on the same course, changing the
current situation, expanding the current
situation or taking a new course of action. It is
important to consider all alternative strategies
to determine which is best for the situation.

7. Evaluate Alternatives
The next step in the financial planning process
involves evaluating possible courses of action.
When evaluating courses of action, it is
important to consider the person’s life
situation, values and the current economic
conditions.

8. Implement a Financial action plan
A financial action plan involves finding ways
to achieve financial goals. Goals should be
listed in order of importance and once the
most prioritized goal has been completed,
start working towards the next goal on the list.

9. Revise your plan
A financial plan may need to be revised on a
regular basis as situations arise, such as a
change in income or the loss of certain assets or
investments. It is not always clear what changes
should be made when revaluating a financial
plan. Fortunately, a financial planner can
provide guidance.

10. THANKYOU