Financial plan
having a good financial plan is an important aspect of life that many of us should, or at least try to do.
A well-developed plan can lead to a better life. In other
words, it can make you better prepared for
unexpected events, such as having a baby or a car accident. A financial plan consists of a series of steps
that includes: knowing where you are, where you want to go and putting it into action.
The first step when developing your financial plan is determining your current situation. that means,
listing all your expenses and revenues in a manner that it is easy enough to understand your cash
flow—the way you manage the ingoing and outgoing of your money. The best way to organize this list is
using categories—food, clothing, utilities, insurance, etc. Surprisingly, credit cards should not be
classified into a single category as this may lead to confusion and misspending. Instead, you should
classify credit card expenses into specific categories as previously stated because knowing all (as
knowing every detail about your purchases…) information about your purchases is crucial when creating
the plan.
With this overall picture of your current situation, the next step is determining your goals. some people
will mention that their goal is to be rich; however, that it is not considered a goal when developing a
financial plan. A goal usually has 5 characteristics—specific, measurable, attainable, relevant and time-
based (smart). it can also be divided into short, mid and long-term goals. For instance, after obtaining a
tenure position at a university, maximizing your Roth IRA every year after obtaining a tenure position at
a university in order to have a good retirement would be a good example of a long-term goal. On the
other hand, a short-term goal could be to save 5% of your income every month during a year to buy a
high-speed computer. having a well-developed goal description written down makes it much easier to
put into action.
Finally, it is very important to put the plan in action. that is to say, you must act in order to achieve your
goals. without a doubt you should understand how all your capital is spent and invested; that means,
understanding the different kind of investments available and how to manage them, which is the key to
help you achieve your goals. More importantly, keeping track of your expenses during the week is a
necessary habit. without money left to invest, it is very difficult to reach your goals.
In summary, a well-developed financial plan can make your life more comfortable. Writing down your
cash flow, determining smart goals and putting the plan in action are necessary steps that must be
accomplished. While the steps to make a financial plan are simple, it is very challenging for some people
to turn them into a habit. Sometimes, a life change (a change in lifestyle) is necessary in order to achieve
your financial goals.
Grammar and spelling errors:
Line 1, column 1, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: Having
having a good financial plan is an important a...
^^^^^^
Line 6, column 90, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: That
... is determining your current situation. that means, listing all your expenses and r...
^^^^
Line 14, column 94, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: Some
...he next step is determining your goals. some people will mention that their goal is...
^^^^
Line 17, column 14, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: It
...nable, relevant and time- based smart. it can also be divided into short, mid and...
^^
Line 21, column 22, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: Having
...g a year to buy a high-speed computer. having a well-developed goal description writt...
^^^^^^
Line 23, column 57, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: That
...ry important to put the plan in action. that is to say, you must act in order to ach...
^^^^
Line 24, column 8, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: Without
...st act in order to achieve your goals. without a doubt you should understand how all y...
^^^^^^^
Line 27, column 18, Rule ID: UPPERCASE_SENTENCE_START
Message: This sentence does not start with an uppercase letter
Suggestion: Without
... during the week is a necessary habit. without money left to invest, it is very diffic...
^^^^^^^
Transition Words or Phrases used:
also, finally, first, however, if, may, so, well, while, at least, for instance, in summary, kind of, such as, that is to say
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 25.0 15.1003584229 166% => OK
Auxiliary verbs: 14.0 9.8082437276 143% => OK
Conjunction : 11.0 13.8261648746 80% => OK
Relative clauses : 15.0 11.0286738351 136% => OK
Pronoun: 52.0 43.0788530466 121% => Less pronouns wanted
Preposition: 61.0 52.1666666667 117% => OK
Nominalization: 9.0 8.0752688172 111% => OK
Performance on vocabulary words:
No of characters: 2472.0 1977.66487455 125% => OK
No of words: 492.0 407.700716846 121% => OK
Chars per words: 5.0243902439 4.8611393121 103% => OK
Fourth root words length: 4.70967865282 4.48103885553 105% => OK
Word Length SD: 3.03667243375 2.67179642975 114% => OK
Unique words: 234.0 212.727598566 110% => OK
Unique words percentage: 0.475609756098 0.524837075471 91% => More unique words wanted or less content wanted.
syllable_count: 749.7 618.680645161 121% => OK
avg_syllables_per_word: 1.5 1.51630824373 99% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 13.0 9.59856630824 135% => OK
Article: 11.0 3.08781362007 356% => Less articles wanted as sentence beginning.
Subordination: 2.0 3.51792114695 57% => OK
Conjunction: 1.0 1.86738351254 54% => OK
Preposition: 8.0 4.94265232975 162% => OK
Performance on sentences:
How many sentences: 25.0 20.6003584229 121% => OK
Sentence length: 19.0 20.1344086022 94% => OK
Sentence length SD: 51.1173708244 48.9658058833 104% => OK
Chars per sentence: 98.88 100.406767564 98% => OK
Words per sentence: 19.68 20.6045352989 96% => OK
Discourse Markers: 5.0 5.45110844103 92% => OK
Paragraphs: 30.0 4.53405017921 662% => Less paragraphs wanted.
Language errors: 8.0 5.5376344086 144% => OK
Sentences with positive sentiment : 19.0 11.8709677419 160% => OK
Sentences with negative sentiment : 1.0 3.85842293907 26% => More negative sentences wanted.
Sentences with neutral sentiment: 5.0 4.88709677419 102% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.240909778835 0.236089414692 102% => OK
Sentence topic coherence: 0.0899790504964 0.076458572812 118% => OK
Sentence topic coherence SD: 0.114477922986 0.0737576698707 155% => OK
Paragraph topic coherence: 0.079946989199 0.150856017488 53% => OK
Paragraph topic coherence SD: 0.121234512236 0.0645574589148 188% => OK
Essay readability:
automated_readability_index: 12.1 11.7677419355 103% => OK
flesch_reading_ease: 60.65 58.1214874552 104% => OK
smog_index: 8.8 6.10430107527 144% => OK
flesch_kincaid_grade: 9.5 10.1575268817 94% => OK
coleman_liau_index: 11.84 10.9000537634 109% => OK
dale_chall_readability_score: 7.79 8.01818996416 97% => OK
difficult_words: 100.0 86.8835125448 115% => OK
linsear_write_formula: 8.0 10.002688172 80% => OK
gunning_fog: 9.6 10.0537634409 95% => OK
text_standard: 8.0 10.247311828 78% => OK
What are above readability scores?
---------------------
Rates: 73.3333333333 out of 100
Scores by essay e-grader: 22.0 Out of 30
---------------------
Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.