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Create Your Own Financial Plan

3/2/2020

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Create Your Own Financial Plan
Gain and maintain the knowledge you need to create financial choices for yourself, reduce stress, and take control of the financial side of your life

Whether you consider yourself a savvy investor with money to burn or you feel as though you are struggling to make ends meet, the act of creating a plan to understand and manage your own personal finances is a necessity if you hope to gain and maintain control of your own financial situation. 
 
The following ten steps form an outline for creating a personal plan:
  1. 1. Discuss your financial situation with your spouse
  2. 2. Choose a financial mentor
  3. 3. Complete a list of your assets and liabilities
  4. 4. Obtain a copy of your credit report
  5. 5. Detail your monthly income and expenses
  6. 6. Review and balance your checking account
  7. Review all associated rates and fees
  8. Set your own financial goals
  9. Shop for rates, services, and a financial institution that will support your goals
  10. Commit to your financial plan and repeat steps as necessary
Someone once said that knowledge is power.  By following these steps, you will gain and maintain the knowledge that you will need to create financial choices for yourself, reduce stress, and take control of the financial side of your life.   Knowledge is power.
 
This article is part of Scott Arney's educational series, entitled The Serial Decision Maker.

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    The Serial Decision

    ​Maker
     

    Patrolmen's Dispatch is honored to feature the insightful blog of Scott Arney, CEO, Chicago Patrolmen's Federal Credit Union.   

    Here you will enjoy excepts from Arney's educational series, "The Serial Decision Maker," which includes such  off-shoots as "Decision Points," "A New Use for an Old Cliche," "Arney's Notable Quotables,"  and  "The Super Hero Series." You will also find a wealth of financial insight under the "Financial Literacy" category. 

    Scott is a "true blue" thought-leader, who has served as the CEO of a full-service financial institution for Law Enforcement Officers and their families for nearly two decades. Among his many accomplishments is the development of the Credit Union's Financial Planning and Education Center, which is committed to empowering members through education.  ​

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