Financial plans are written, structured approaches for sustaining financial fitness and attaining financial objectives. An individual might employ a financial planner or not, but it is a personal responsibility to consider and come up with a personal financial plan based on their unique preferences, circumstances and objectives. A personal financial plan is very crucial since it will help me to accomplish both short-term and long-run goals. My short-term goals are the goals I wish to accomplish in less than five years time while my long-term goals are the goals I wish to accomplish in thirty or fifty years. The rationale of this paper is to explain the approaches I will employ to attain my personal goals.Setting my personal goals is the first step of writing a personal financial plan. In my financial plan I will talk about and explore how I will work toward those goals and come up with a comprehensive timeframe to achieve those objectives. I will also include a process on how I will constantly amend my objectives throughout my lifetime.
