By Peggy Creveling, CFA, and Chad Creveling, CFA
If you go to the airport with no tickets and no idea where you want to go, it goes without saying that you probably won’t be going anywhere. This sounds obvious, yet that is exactly what some expats are effectively doing with their finances―by failing to plan, effectively they’re planning to fail. Therefore, one of the most important steps in getting control of your finances is to draw up an initial financial plan. This includes a financial starting point, a set of long-term financial goals that you’d like to achieve, and short-term “stepping stones” to help you along the way.