Here are 5 key questions to ask yourself before starting a financial plan:

1. What are my short-term and long-term goals?
(Examples: buying a house, paying off debt, saving for retirement, and kids’ education.)

2. What’s my current financial picture?
(Know your income, expenses, debts, savings, and assets before building a plan.)

3. How much risk am I willing to accept?
(Be honest about your tolerance for market ups and downs—it guides investment choices.)

4. Do I have an emergency fund?
(3–6 months of expenses is a solid safety net before tackling bigger goals.)

5. Who can help me stay accountable?
(A financial advisor, partner, or accountability system can keep your plan on track.)