When you want something in life, it's best to have a plan for how you will get it. Everyone wants a life of financial security—the ability to save and invest so that your money is working for you in a way that enables you to fulfill your life's goals. To achieve financial security, you need to create a financial plan.
A financial plan is simply a road map for how you will manage your money on an ongoing basis. At its most basic, a financial plan involves defining your money goals, identifying the steps it will take to reach those goals, and then following through with those steps.
The sooner you develop and implement a financial plan, the sooner you can be financially secure, so get started now. For guidance, download 40 Money Management Tips Every College Student Should Know from the National Endowment for Financial Education. It includes tips to create your financial plan, as well as many other smart ideas for saving, spending, and protecting your money.