Good day every one, Last week I wrote on planning ahead. This week I would like to write on planning ahead financially. My focus its on individual financial planing. A financial plan can be seen as "a comprehensive evaluation of an individual current pay and future financial state by using current known variables to predict future income,asset values and withdrawal plans." -Wikipedia. The above definition says it well but its not going to be possible without a budget in place. A budget is putting your financial plans into writing in order of priority. you write what is more important or seems like an urgent need first followed by the next urgent need on ground and so on. A budget helps organize your finances and your spending goals. Budgeting helps you take the necessary steps in achieving your financial goals and some times in fact in most cases for retirement purposes. A financial plan helps you determine where you are going with your money. It is an on going proces

Planning ahead is an orderly or step by step conception or proposal for accomplishing an objective. So many times we fail to plan ahead against stormy days or rainy days even when we know we ought to. The best way to plan ahead is to always put our thoughts,ideas or plans into writing in an order of priority in a note pad and then follow them accordingly. It only costs us a pen and a paper to put these thoughts down in writing but costs us more when we fail to plan ahead. Planning ahead costs you less,saves you time and stresses you less in the future. Planning ahead might not really solve a problem completely when it arises but could solve it half way or prepare you in difficult times.                       The ability to set goals,make plans and then take action on them determines the course of your life. Failing to prepare for an exam,a project,an interview or having an option outside your current job can cost you a lot than you can ever imagine. According to Confucius a