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One of the most important things in life is having a financial plan. It serves as your blueprint to help you manage your money properly. The last thing you need is to get caught off-guard without any goal whatsoever. It would be a challenge to just “wing it” and deal with whatever comes your way at that point in time. Forward planning for your finances might seem scary with all the numbers swirling around your head but it does become easy as you get used to it. There are, of course, a lot of factors that you need to consider when dealing with financial goals like how time affects your financial targets. You also need to understand how investments play a crucial part in helping you reach your goals in life. If you think that planning for your finances does not really belong on top of your priority list, then the survey done by NerdWallet might just surprise you. From their numbers, it shows that an average American household has about $132,000 in total debt. This covers mortgage loans, credit card debt and even student loans just to name a few. With this amount, it would be very hard to survive if you do not have a financial plan. At least, it will make it harder to get out of debt and all the stress associated with it. But you never really know what will happen tomorrow because that is just the way life is. You could have some sort of decent financial strategy in place which you have been working on for quite some time but life happens. You are suddenly faced with life events that force you to rethink and reconsider your plans for your finances.