If one of your new year’s resolutions is to have better finances, but you seem to be doubtful of your ability to achieve it, maybe all you need is a little help from a financial planner. If hiring a professional who deals with finances to do it for you is out of your league, you can attend a personal finance online course and do it yourself.
There are several stores and online platforms that sell personal financial planners, but you can easily make it yourself. Doing it yourself allows you to customize your planner so that it gets as detailed as you want it and that it suits you best. All you need is a blank notebook and some writing material. Here are some of the key things you can include in your planner:
Just as how a professional financial planner would ask of you, you should also include your financial goals in your personal financial planner. Jot down all of the goals you plan to achieve for the year, for each month, and for the distant future.
To achieve your financial goals, you will understandably need funding. Listing down your sources of income gives you an idea of where you will be tapping from to tick off each of your goals. Make sure to account for each dollar that you earn every month.
Set aside that portion of your income which goes into savings. This section is the part where you review all of your financial goals, especially the long-term ones, and create a basis from which you can categorize your savings.
This portion is the part where you need to be extra particular about details. Keep in mind that every penny counts and that every little expense adds up to a greater total. You should also be honest about the amount of your expenses since this is the only way you can make an accurate assessment of your spending habits. Below are the top things your expense tracker should contain:
Creating a personal planner is often part of a personal finance online course since it documents your spending and saving habits accurately as long as you keep your entries updated and honest. It gives you a general idea of your financial strengths and weaknesses and can help you identify critical areas to improve and keep you on track.
Ready to move up in your career? Advance your skills with 30 days FREE of All Access Pass and learn from over 1,000 online video courses. Click here to get started.