What is the 50/30/20 rule in your financial plan?
Those will become part of your budget. The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

What are the 5 steps in financial planning?
» Assess your financial situation and typical expenses.
» Set personal financial goals.
» Create a plan that reflects the present and future.
» Fund your personal goals through saving and investing.
» Monitor your progress.