How to draw up a financial plan: tips

Sooner or later, devoted to how to draw up a financial plan, books catch the eye of almost everyone. It seems to some that this approach is applicable only in the work of the enterprise, but others prefer to formulate plans for the family. This helps to spend money wisely, distributing finances in an optimal way for the benefit of all households.

Relevance of the issue

According to the author of the publication “How to Draw Up a Financial Plan” Vladimir Savenok, the idea of ​​such an approach is not saving everything at once, but the most efficient waste of the resources available to a person. There is no need to try to spend as little money as possible, denying yourself the most necessary things. Having distributed finances evenly, you will probably have to wonder more than once how much you can afford with your previous incomes. As people who are experienced in these matters say, adhering to such a plan, you can easily save up for a vacation, buy a car or make excellent repairs.

However, for the plan to be implemented, you need to adequately assess your abilities and resources. It is reasonable to reformulate each desire into a specific specific goal that can be achieved. A dream has no price, but for a purpose it is more than accurate. When evaluating, it is necessary to try to do this as soberly as possible so as not to overestimate and underestimate the financial resources necessary for implementation.

Vladimir Savenok personal financial

On examples

Suppose Savenka’s book, How to Draw Up a Financial Plan, has attracted attention because the family wants to buy a car. While this is only an abstract desire, it can be called a dream, but no more. To transform your desire into a specific aspiration, you need to set basic parameters: determine what the engine, interior and trunk will be, and also evaluate other significant parameters. The next step is to examine the market assortment, studying the offers of salons, determine whether there are suitable options, preferential programs, or the possibility of trading among them. Any such proposal simplifies the achievement of the goal. Then they determine how much money is needed to achieve what is desired. Say, a car will be needed in six months, and 200 thousand rubles are not enough for its purchase. The specific goal will sound just like this: to accumulate this amount for the specified time period in order to acquire the desired item.

Everything has its time

Trying to draw up a financial plan for the family, many want to hurry if possible to achieve their goals. Indeed, if something was wanted, then to get it right away, as soon as the desire is formulated. Say, a car is a paramount task, but at the same time repair plans do not go out of my head, and I really want to spend the upcoming vacation at sea. To successfully achieve everything you want, you need to be able to prioritize and choose the right time for all your dreams.

Say, vacation is a great opportunity to relax and gain strength in order to earn the money that is not enough to buy a car, but the cheapest tickets are available out of season. If you postpone the rest period, for example, in the fall, you can give yourself a quality vacation, saving a small amount. If you look in more detail at some luxury items, you can refuse at all - if the analysis of the situation shows that the product will be useless at least, while it will require more than impressive financial investments.

draw up a financial plan for the year

What I can?

What is recommended in the initiates on how to draw up a personal financial plan, books? Having formed a priority list, in which all the goals are entered, the deadlines for their achievement and approximate amounts are set, you can begin to assess your financial capabilities. Revenues and expenses should be analyzed as thoroughly as possible. It is necessary to determine how much a person can save each month without serious damage to himself. At the same time, they are calculating how much should be put aside in order to achieve the set goal by a certain date. Comparison of these two indicators will help to understand how much finance is enough.

Often, at this stage, many give up: their own free money is not enough, all important goals cannot be covered in this way. Do not give up ahead of time. As recommended, for example, in his book on how to draw up a personal financial plan, Savenok, external sources of finance should be called for help. You can borrow money from relatives and friends, you can contact the banking structure and join the loan program. True, do not rush to sign the contract. It would be wise to first familiarize yourself with the conditions, find out what the interest is, how much the service will cost, and how high are the payments under the insurance program. It is necessary to take into account all the nuances.

How and why?

Using the manuals on how to draw up a personal financial plan (Savenka and other authors), you can understand that the task of paramount importance is the distribution of the revenue component. It is necessary in such a way to divide the incomes so that there is enough finance to cover the costs associated with everyday life, while there would be something left that would go towards the goal - to accumulate or settle on the loan. According to experts in the field of economics, a loan should take no more than a third of the revenue component.

Using different strategies and methods, you can quickly achieve what you want, not only through savings. There is an alternative option - increase your own earnings. You can, in particular, agree to part-time jobs and additional working hours in the main place, you can take another job. For other families, the best option is to review costs to optimize spending. Many do not even think about how much money it takes to buy fresh coffee in the mornings on the way to work, which, in general, could be prepared at home. Suppose one cup costs 250 rubles, which means that only 62.5 thousand people spend on coffee for a year - and this is quite an amount that is enough for a good vacation. So, forming a plan, it is necessary to write down in it how much you will have to pay on the loan, what additional expenses are associated with the implementation of the idea, and also think about how to reduce your expenses in everyday life.

make a family financial plan

Work and work again

Studying the book by Vladimir Savenko “How to draw up a personal financial plan”, as well as exploring other sources useful in the aspect of the issue being solved, sooner or later a person will surely find various offers of enrichment, making profit without active actions for this. If there is some time before reaching the goal, the best option is to save money on your own, avoiding loans, while using financial instruments. When choosing these, you need to responsibly evaluate the ratio of time intervals, dangers and the revenue factor.

Understanding how to draw up a financial plan, it is worth taking a closer look at how the different investment options work. For example, a fairly reliable hike - government debt bonds. True, some benefit will be obtained if it is possible to invest money for three years and a longer period. A deposit in a bank is perhaps the safest option, so you can keep money for a user-friendly time period, and the probability of loss of savings is minimized by the insurance system that unites all the banks of our country.

Most at a loss are those who decide to save and save money at home. Part of the value of the currency is constantly lost due to inflation, so in fact the person will be in the red. But investing, you can thereby provide yourself with an additional source of profit, which will definitely benefit the plan as a whole.

Simple and point by point

Understanding the recommendations on how to draw up a personal financial plan, Vladimir Savenko and other specialists who published books and articles on this topic, you can identify the basic rules that are recommended by all.

The first step is to formulate the goal as clearly as possible, with estimates of money and time.

The second stage is the distribution of goals by importance.

The third step is to find the most effective way to achieve.

The fourth aspect of the work is the accounting of the income, expenditure components of the family budget.

According to experts, before planning a purchase, entering into a plan, it is necessary to think thoroughly within a few days how much it is actually needed. Having drawn up the program, it is necessary to adhere to it as thoroughly and responsibly as possible, otherwise there will be no benefit.

how to draw up a financial plan

Difficult, but possible

From the experience of many people who have figured out how to draw up a financial plan, one can notice: it is much more difficult for our fellow citizens to follow it than to form it. Discipline, especially in everyday life, without the slightest deviation from attitudes is really difficult. Every day, every person is surrounded by temptations, but any impulsive action and action dictated by emotions is another obstacle on the way to the plan.

It is important not only to navigate how to draw up a financial plan, but also to establish for yourself a clear, unbreakable rule to comply with each expense item without breaking a penny. It should be rationally and responsibly calculated how much money a month can be spent on products, transport, utilities and other articles that cannot be abandoned. These limits are fixed in the plan, then they are carefully observed, without retreating a single step.

Problems and their solution

The most difficult thing is at first. If there are difficulties with how to comply with the plan, you can make reasonable adjustments to it, distributing the costs in such a way that it is somewhat easier. Another option is to try to work harder. The task of a person is to keep within the budget, in no case by borrowing funds from his savings. If you fail to discipline yourself in this aspect, the goal will constantly move away.

draw up a financial plan of the enterprise

Having figured out how to draw up a financial plan, do not throw the document or store it in a distant box. Have to look into the developed program every day. The task of a responsible person is to thoroughly fix all the money received and spent. Monitoring what is happening with the family budget, constantly being aware of the situation, you can more closely and accurately monitor how successfully a person moves to his plan. To make it easier, you can use special electronic planning systems designed specifically for family finances.

I want to earn!

It is equally important to be able to think over the financial component of the business plan if you plan to participate in the investment program. Before you start investing, it is recommended that you plan your proposed work. Others are convinced that if an amateur who does not want to be a broker, an analyst wants to invest, you can do without a plan. It is noted that among those who are responsible for their tasks, there are much more cases of successful investors than those who prefer a chaotic workflow. In many ways, investment lends itself only to those who are able to clearly formulate goals and step by step describe their strategy for achieving them.

As a rule, a person considers how to become a private investor, if there are some savings that I would like to put into business and get a certain profit on this. It is in this situation that usually many begin to understand how to draw up a financial plan. Responsibility and motivation of the investor is extremely important for a business plan, so the primary task is to learn to set goals and follow them. The basic conditions of the investor are the starting amount, a certain time period, general ideas about the profitability, which I would like to provide. Formulating goals, you should immediately understand why money is earned and after how long it will be possible to make a purchase. This simplifies work and increases interest.

draw up a financial plan for a business plan

Water sharpens a stone

So how to make a financial plan? For a business plan, you need to identify the goal, as well as evaluate the accumulation. If there is work with stable payment, capital can be increased slightly every month. This is not connected with the dangers of losing money, the process is stable, although you cannot call it fast. To assess the possibilities for a long time period, you should calculate the income, expenses and reliability of the workplace. Another aspect is the adjustment of goals. Many beginners of work in the field of investment initially set unrealistic goals for themselves, and to achieve success is not possible in principle.

Investing is fraught with risks, unforeseen situations may arise that cannot be entered into the financial plan for the year in advance. Even an experienced specialist will not tell you how to compile it taking into account all possible difficulties - you just need to prepare for the fact that from time to time the opportunities should be reassessed so that the desires and goals are adjusted taking into account realities. Forming a financial plan, you should consider the maximum possible number of sources of profit. It is necessary in this way to adjust your life so that different sources of money support each other. This will make the person more stable.

Versatile benefits

By the way, although it seems to many that it is very difficult to draw up a financial plan of an enterprise, in fact the formation of such a strategy is also a difficult task for yourself personally, do not underestimate it. If you manage to cope with it, you can provide yourself with an additional source of income, which becomes a sort of insurance option if some major one suddenly fails. To some extent, investment activity is self-insurance. To invest correctly, you need not only to choose a reliable option, but also to calculate how much you need to invest, how much you can afford to deduce, what expenses will fit into the plan. Forming a strategy, you must first paint all the specific amounts and terms, and only then make a schedule. If you thoroughly work with the information, you can draw up a good investment multiplication strategy.

The profit gained from investing should also be taken into account when the task is to draw up a plan of financial and economic activity, even if it is a small-scale investment. The investor's task is to correctly distribute all proceeds, save money, thereby creating a safety cushion for himself. An equally important aspect is reinvestment. According to experts, do not underestimate the aspect of motivation, so part of the profit from investing should be spent on pleasant surprises and gifts for yourself. As the great Einstein said, if someone wants to immediately see the result of their work, he has a direct path to the shoemakers. An investor can only be one who is willing to work for the good of his financial condition, investing in this time and effort.

Vladimir Savenok financial plan

Starting a business

Often an average person who does not have a special education is faced with the need to form a financial plan if his hobby shows good profitability and there are deprived prospects of turning any activity into a business of his life. For entrepreneurship to be successful, a financial plan is essential. The person’s task is to determine how much will be spent on the establishment and development of the business, and also to assess how profit can be achieved, and in what time frame it is feasible. For a business to be successful, it is reasonable to immediately thoroughly evaluate all these aspects as responsibly and accurately as possible.

It is easier to draw up a financial plan of an enterprise if you work first in a one-year perspective, then think over a five-year one. For each period there are certain nuances. In many ways, the whole fate of the case is decided by the first year. You can evaluate how the company is developing, how soon it will be possible to reach the zero level and begin to grow towards financial profit. To do this, the plan will have to include all aspects of the work process that will not be inherent in the five-year strategy - formalization of official papers, obtaining entrepreneur status. You may need to contact an intermediary who asks for a certain amount for his services. We must not forget about hiring staff.


All Articles