The personal finance plan should include an overview of your net worth, goals, investment portfolio, cash flow, investments, retirement, tax planning, insurance services, that is, the overall financial plan for achieving your goals.

It is important that personal finance plans are tax-efficient. Your personal finance plan will help you reduce the tax liability and increase returns after taxing your investments. Some personal financial consultants help their clients optimize their tax returns.

It is good to review the plan when there is a change in life, such as marriage, birth, death or divorce. Any change in the financial position is also necessary. Most people have an annual update that evaluates how the plan is implemented. The review also deals with changing objectives and circumstances.

It is difficult to enforce the saving rule because it varies by age and level of revenue. Ten percent is a good start. If you find that % is too high for you, do not let it discourage you. Start by saving yourself a small amount each month, which you increase with each month.