1. Developing a Financial Plan
Personal Finance
Developing a Financial Plan

2. Steps in Financial Plan Development
Determine current financial position
Develop financial goals
Gather additional information
Identify a course of action
No need for students to take any notes on this slide.

3. Develop Financial Goals
Financial Attitude
Needs vs. Want
Types of goals
Guidelines
Developing Financial Goals –

4. Influential Factors
Opportunity cost
Economic factors

5. Identify a Course of Action
Costs vs. Benefits
Goal achievement
Review & revise