The foundation of a financial plan is your budget. This is a document that outlines all of your income and expenses, including fixed costs like housing, food and transportation and discretionary spending on things like dining out, gifts and entertainment. A detailed budget can help you spot opportunities to tuck away more for retirement or build your emergency savings. https://easzfin.com/cash-can-feel-safe-but-it-doesnt-grow-your-wealth-portfolio-strategist-says/