Important parts of a plan Financial plan is a flow of money. It must have 2 major items: incomes and expenses. Let's stick with these two for now. Building a plan Plan incomes For most of the people it's the easiest part. We are employees, have a fixed salary. Probably, some income from real-e-state objects we lend, or dividends. Such things is easy to plan. What if we run a business? Then we should have a rough estimate. Or get some vision based on previous year. Or, at least, our earning goal. Plan expenses Pay debts This is the most important part of the expenses. Debts is the main pressure. If we don't have enough earnings - we can skip vacation, rent a cheaper apartment, sell the car. But debts must be paid in time . So plan this first. Taxes Another important thing is taxes. Not paying taxes is a crime. And this must be avoided. Let's plan this too. Rental payments, public services Rent an apartment? Plan the rental payments too if you don't