Everybody has certain financial objectives, benchmarks they would like to achieve in order to gain more control over their financial situation and get closer to a state of long-term financial security. An effective saving and investment plan, as Paul Greene and SEC experts know, can be a great way to develop a solid financial agenda, one that may have innumerable benefits for the financial security and future of your family.

Creating a strong personal financial plan can be a tedious and time consuming process, says Paul Greene SEC experts, though it may be necessary in order to build a better and financially stable future for yourself and your loved ones. Below, Paul Greene and SEC experts provide several steps that may help you better prepare and develop a strong, long-term saving and investing roadmap.

Honest Situational Assessment

Though it may be difficult at first, says Paul Greene and SEC experts, it’s important to take time out to determine the status of your current financial situation. Know where you and your family are starting from before preparing a solid financial plan. Developing a net-worth statement, as it were, allows you to make an honest assessment of the things and assets you hold that are of value, and the outstanding debts you may have.
Determine Your Income and Current Expenses

Make a comprehensive comparative list, says Paul Greene and SEC experts, of both your family’s total monthly income vs your current monthly expenses. Be sure to accurately track this at the end of each month, and to track each’s status and progress.

Make a Savings and Investing Category

Before committing your money elsewhere every month, says Paul Greene and SEC experts, be sure to commit your money to your personal or family savings first and foremost. Getting in the habit of paying yourself first, or using a company IRA, etc., is a great way to begin saving money and build a strong financial foundation for the future.

Find Money

Chances are you have unnecessary monthly expenses, committing money to something extraneous rather than contributing the “savings pot” if you will. Do your best to trim the fat, says Paul Greene and SEC experts, and to take this extra money and put it towards your savings account.

About: Paul Greene and SEC Experts want everyone to have the opportunity to achieve a more secure financial future.