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Fourth Step: Review the Plan

Written By: admin on July 5, 2009 2 Comments

Every good plan is a work in progress and has to be constantly reviewed. How often? As often as you feel necessary. Regular review of your yearly plan can happen every three months of half a year, but if a need arises it can be more frequent. For instance, if you lose your job and have to cut back on expenses, you will definitely have to review your plan and find the additional areas in which you can save, or additional income that you might want to utilise due to the changes in your financial situation. Also, if the daily recording of your income and expenses constantly in the course of three months results in very different figures than those that were planned go back to planning and make the new plan with the more accurate assumptions.

2 Responses to “Fourth Step: Review the Plan”

  1. Anonymous says on: 23 May 2009 at 4:33 pm

    I was just looking for information about this when I found your post. I’m only stopping by to say that I truly enjoyed seeing this post, it’s really well written. Are you going to blog more about this? It looks like there is more fodder here for more posts.

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