Start by calculating how much money you may need for retirement or other goals you may have. Next you should plan on how to accumulate money and other assets needed to help you meet your goals. Thirdly, you must act by implementing your plan and save the money you will need. Last, you must reassess your financial needs and compare them to the progress you have made on a quarterly basis. If your plan does not seem to be working or if your needs and goals have changed, then you must realign them accordingly.