• Provide a detailed monthly budget. Be sure to include all sources of income and all expenses. Strongly recommend you look at your all your expenses for the past 3-6 months to make sure you include everything. Even income and expenses that may happen once a year or quarterly.
• Provide a savings plan for the upcoming year. How much do you plan to save during the upcoming year (provide a specific amount) and how will the savings be used. Some examples for use of your savings are - short term emergency savings, car purchase, home purchase down payment, retirement, childrens education fund, home remodeling, annual vacation? Separate amounts for each plan should be included in your monthly budget.
• Based on your budget and financial goals, develop and describe an action plan for the next 1-3 years. Plan should be only 2-3 paragraphs that list your goals and how will you achieve the goals. Some examples may include - reduce expenses by ?, plan for a major purchase like a car or home, etc.
• Based on your budget and financial goals, develop and describe an action plan for the next 3-5 years. Plan should be only 2-3 paragraphs that list your objectives and how you will achieve your plan. Some examples may include start your own business, go back to school, have children, buy a larger/better house or car, retire from working, etc.