11 Steps to Create a Financial Plan in 2023 

Step 1: Set Your Goal

Step 2: Add Up Your After-Tax Income

[{"selector":"#anim-a329fe24-4ee5-46a3-9896-1e077d60cf14 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.439330923858197%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a216d066-4706-40a0-b766-987231f69c24","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-822188be-e79f-4f2d-a552-b924a1fb1ff2","keyframes":{"transform":["translate3d(115.14195%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Step 3: Track Your Expense

[{"selector":"#anim-f1884255-b138-4c6d-a830-d706ac2ac791 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.439330923858197%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5475a794-3a3c-46c5-8192-a2ab9f3aa44e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6a82e4ca-e987-4182-a848-b2435b28c553","keyframes":{"transform":["translate3d(115.14195%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Step 4: Calculate your Net Monthly Saving

[{"selector":"#anim-54f0f4e4-0ee9-4f78-8a95-f90e901568c0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.439330923858197%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d88df9a5-2bb2-4a4f-b635-e919e0f64c71","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2ef10168-c8e2-45f2-98b4-1f5a6e4f0a59","keyframes":{"transform":["translate3d(115.14195%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Step 4: Manage Your Debts

[{"selector":"#anim-14dffbf6-f5f6-4d6d-a1c5-908daf1646aa [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.439330923858197%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-699dd9cd-604d-4b93-8274-512658c6f7de","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b65f69a5-9b27-4e63-97c9-b3db3c5eb002","keyframes":{"transform":["translate3d(115.14195%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Step 5: Calculate Your Net Worth

[{"selector":"#anim-682c700e-6044-4c5c-a9f3-64a32589c7c6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.439330923858197%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8b1602d9-bc67-42d3-95cc-66cdc28d261c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f293ba41-1b10-439f-9644-ab7b63fa123b","keyframes":{"transform":["translate3d(115.14195%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Step 6: Create An Investment Plan

[{"selector":"#anim-efcf56a4-9eed-43a7-9d1e-85638932f50c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.439330923858197%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ca64253c-a90c-4f9d-b4b3-2da4caf830e8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-08137dd3-7ddc-458c-a0fe-194c209bef51","keyframes":{"transform":["translate3d(115.14195%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Step 7: Build Credit

[{"selector":"#anim-82b4af00-e7d6-4051-815d-8df2cd93eddc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.439330923858197%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e5f1e258-9287-499a-a1d3-5c5ff7a0a3f9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7608134b-1e82-4b6e-b4f2-9f46b2cf1ba8","keyframes":{"transform":["translate3d(115.14195%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Step 8: Plan For Retirement

[{"selector":"#anim-54353f2c-d2e5-4992-b6d9-a453703382f2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.439330923858197%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-76d900d4-4e30-4f07-a6a2-02d2018dc30b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-45b4665e-ca84-4f5b-b602-08b095e6ef74","keyframes":{"transform":["translate3d(115.14195%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Step 9: Maximize Tax Saving

[{"selector":"#anim-3b11123c-7ca7-426b-97dd-e9c7702a58a4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.439330923858197%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6a1ecbac-c8ea-467b-b3ae-f9a57d20a9af","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f847aabb-ad7f-4441-8309-1e09589c4b76","keyframes":{"transform":["translate3d(115.14195%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Step 10: Plan Your Risk Tolerance

[{"selector":"#anim-b1b9931e-8508-4b82-bbb8-09cbbc637c02 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.439330923858197%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-60afa65c-533a-43a1-91d1-ee632c6adb5a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-26d84283-4f48-48be-babd-c14f30610809","keyframes":{"transform":["translate3d(115.14195%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Step 11: Take On Good Debt

[{"selector":"#anim-e8a5d29d-1c47-40f8-9166-3e2cd420557d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.439330923858197%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e26d727b-18ce-471a-ada3-353272c85a69","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fb8fa4ba-5023-4132-b0ee-2124ee877209","keyframes":{"transform":["translate3d(115.14195%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]