Skip to main content
Skip to "About this site"

Government of Canada / Gouvernement du Canada

Search

3.3.1 Action plan worksheet

From Financial Consumer Agency of Canada

When you have written down some goals, estimate what they will cost. (You can check the costs and update your estimate later if you need to.)

For more information on savings goals and managing expenses, see the module on Income, expenses and budget.

Charts in this section are interactive, including math functions. The action plan is also a downloadable interactive PDF.

Step 1

My goals

Short-term goals (within the next year)	Estimated cost
Description of short-term goal #1	Value $ Invalid format.
Description of short-term goal #2	Value $ Invalid format.
Description of short-term goal #3	Value $ Invalid format.
Total short-term cost	$0.00

Mid-term goals (one to three years)	Estimated cost
Description of medium-term goal #1	Value $ Invalid format.
Description of medium-term goal #2	Value $ Invalid format.
Description of medium-term goal #3	Value $ Invalid format.
Total mid-term cost	$0.00

Long-term goals (more than three years)	Estimated cost
Description of long-term goal #1	Value $ Invalid format.
Description of medium-term goal #2	Value $ Invalid format.
Description of medium-term goal #3	Value $ Invalid format.
Total long-term cost	$0.00

Step 2

My savings plan

Goal	Cost	Time-frame (months)	Monthly savings
Description of goal #1 E.g.: wide-screen television	Cost of goal #1 $ Invalid format.	TimeTime of goal #1 Value must be between 1 and 999	$800.00 ÷ 12 = $66.67
Description of goal #2 other	Cost of goal #2 $ Invalid format.	TimeTime of goal #2 Invalid format.	$0.00 ÷ 0 = $0
Description of goal #3 other	Cost of goal #3 $ Invalid format.	TimeTime of goal #3 Invalid format.	$0.00 ÷ 0 = $0
Description of goal #4 other	Cost of goal #4 $ Invalid format.	TimeTime of goal #4 Invalid format.	$0.00 ÷ 0 = $0
Total savings I need per month:			$0.00

Step 3

My savings checklist

OK	Does not apply	What I'll do	When I'll do it
#1-I'm OK	#1-Does not apply	I’ll track my income and expenses to create a monthly budget	#1-date
#2-I'm OK	#2-Does not apply	I’ll identify expenses I can cut out, or cut down	#2-date
#3-I'm OK	#3-Does not apply	I’ll identify ways to increase my income (work extra hours, sell handicrafts, etc.)	#3-date
#4-I'm OK	#4-Does not apply	I’ll set up a dedicated savings account	#4-date
#5-I'm OK	#5-Does not apply	I’ll set up an automatic transfer to my savings account	#5-date
#6-I'm OK	#6-Does not apply	I’ll check each month that I meet the savings goal I set for myself	#6-date

Download the interactive PDF and add it to your Financial Toolkit [PDF - 393KB]

Review your savings goals. If you're paying high interest or fees on debts, paying down debts may have to be your first goal. You may have to cut back some goals to make sure you can afford the others. Check your most important goal in each section and focus on those. Add the next most important if you can afford the most important.

Tip

What's most important? The goal that will cause the most harm if you don't reach it. If you don't get that vacation trip, that would be disappointing. If you don't repair the roof, however, that would be costly and damaging.

Report a problem on this page

Date modified:: 2019-03-01