Money Club for Young Adults
Financial Boot Camp
To get your financial plan rolling you will need to do some pre-work. You will need to complete the following:
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Net Worth Statement - A summary of your financial position at a point in time (usually year end).
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Cash Flow Statement - Captures your income sources, expenses and savings target for a year.
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List of Financial Goals - A roadmap of how you plan on achieving your goals over the next 1 to 3 years.
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Each of these three tasks are linked together. ​​​To complete them you can build your own worksheets. ​Or you can use our Excel workbook. It contains all three of the worksheets you need.
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To download the Excel workbook click here
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Remember, knowledge is not enough. Action on your part is also required. As you complete each task you will be laying one brick. Think of it as beginning to lay a foundation to your financial house.
Status update
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Do a review after six months:
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Are you on track to achieve your goals?
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If not, why?
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Make course corrections as needed.
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Do a more thorough review at year end.
The nature of personal change
Learning something new is hard. Just do your best to complete each of the three tasks. They don't have to be perfect.
Each time you do them, they will get easier. Like learning to ride a bike, you will be zooming around in no time.