1. Figure your net worth
2. Estimate your income and expenses.
3. Review your personal debts.
4. Balance your income and expenses.
5. Identify your short-term goals (build an emergency fund, pay off a debt, buy a car).
6. Identify your long term goals (buy a home, pay for a college education, save for retirement).
7. Determine what you have to save to reach your goals.
8. Implement your plan.

You need to review your plan from time-to-time to determine whether you are still on track.

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