2.3 How do I start financial planning?
You do not need an elaborate financial plan that captures your investments and retirement goals.
Instead, you can start by setting simple financial goals such as saving money for a new book or for a new laptop.
You may also think about bigger goals like saving money for a holiday after you finish at school or for starting your own business.
The key idea is to spend a few minutes thinking about what financial goals you would like to achieve in the near future.
Setting financial goals
Use the box below (or write down in your notepad) to make a short list of financial goals that are important to you.
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Setting financial goals (or any other goals) takes time. So, do not worry if you cannot think of the best financial goals.
Just start with a list of possible goals. Do not hesitate to write bigger financial goals. For example, your goal may be to save to buy your own house or start your own business. After all, there are many examples of young teenage entrepreneurs who started planning quite early in life.
You can come back to your list in the future and revise it as you learn more about your spending habits, your income and your future opportunities.
2.2 Is financial planning important?
