Financial Planning

What Is Financial Planning?

Financial planning means deciding how to use your money now and in the future. It helps you set goals, like buying a bike or saving for college, and makes a plan to reach them.

Why It Matters

• Control: You know where every dollar goes.
• Safety: Having savings protects you from unexpected costs.
• Freedom: Money goals give you choices and confidence.

How to Start

1. Track Your Money – Write down what you earn (allowance, gifts) and what you spend.
2. Set A Goal – Choose something specific, such as saving $100 for a game.
3. Make A Budget – Decide how much to save each week and how much you can spend.
4. Save First – Put the saved amount in a safe place before buying anything else.
5. Review And Adjust – Check your progress monthly and change the plan if needed.

Following these steps helps you become smarter with money and prepares you for bigger goals later on.