11.1.8 Summary of key messages

• Financial planning is based on answering three key questions:
  • Where am I now?
  • Where do I want to go?
  • How do I get from here to there?
• Planning starts with writing out SMART goals and estimating what they will cost.
• Full financial planning includes the resources you have available, your debts or financial obligations, your earning potential, insurance, legal commitments, income taxes, pensions and other factors.

At the end of the module, you will find an Action plan. This is a tool that you can use to track your progress and take the next steps to manage your financial planning successfully in the future. Use the action plan as a roadmap for financial action!