Prepare For Success - Final Formatted Copy
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Prepare</strong> <strong>For</strong> <strong>Success</strong><br />
Examples of liabilities include:<br />
• y Outstanding mortgage balance<br />
• y All loan balances outstanding<br />
• y Credit card balances<br />
• y Balance on store cards<br />
• y Taxes owed<br />
• y Other unpaid bills<br />
• y Outstanding car loan<br />
• y Outstanding HP balances<br />
• y ‘Buy Now Pay Later’ balances<br />
As you begin assessing your financial situation, IGH Money will help you to:<br />
• y Organize your financial records<br />
• y Review and become familiar with all the financial areas of your life<br />
• y <strong>Prepare</strong> a personal budget or spending plan<br />
• y Analyze your financial situation to identify potential problems and solutions related to<br />
your financial situation.<br />
Developing A Financial Plan<br />
After you have organized, assessed and budgeted for<br />
your current financial situation, it is time to develop<br />
a financial plan. This requires that you identify and<br />
write down future financial goals, such as saving for<br />
retirement, putting money away for a home purchase<br />
or paying off all credit card debt.<br />
A written financial plan helps identify and clarify goals,<br />
increase income, reduce debt and manage your finances.<br />
Your plan does not need to be complicated; however, a<br />
financial plan does need to be monitored and re-evaluated<br />
on a regular basis. If you are not able to meet your original<br />
financial goals, you can always change your plan or adjust your<br />
goals. The important thing is to start taking steps now to get your<br />
finances under control.<br />
©TRCC 2015 www.ighpro.net www.igothired.net 114
Change language