National Guard Family Program
Soldier with child riding piggyback Introduction to Personal Finance
An Overview for State Family Program Directors, Wing Family Program Coordinators, and Families.
 

Introduction

Evaluating Your Situation

Budgeting & Debt Management

Goals & Plans

Insurance & Disability Planning

Investment Planning

Education Planning

Retirement Planning

Estate Planning

 

 

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SETTING YOUR GOALS AND PUTTING YOUR PLAN TOGETHER

 

3.

Introduction

 

3.1

Setting Your Goals

3.2

Putting Your Plan Together

3.3

Learning Check

 

3.2 Putting Your Plan Together

Now that you've collected your financial information and set your goals, the next step in developing your plan is to analyze your information and develop and implement your plan.

You will need to consider any planning strategies you already have in place. For example, if you have investments, one or more retirement plans, a Will, life insurance policies, and other financial documents, these must be examined and, if needed, revised.

Your financial plan should consider all aspects of your financial life. It should include an annual budget or spending plan.

Your plan should cover each of the following areas to the extent needed to reach your goals:

  • Life Insurance and Disability Planning (Lesson 4)
  • Investment Planning (Lesson 5)
  • Education Funding (Lesson 6)
  • Retirement Planning (Lesson 7)
  • Estate Planning (Lesson 8)
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