Here are some basic principles of financial planning to help you achieve your desired goals.

Set Measurable Goals!
Be specific and set time frames for achieving your goals. Rather then saying you want a "decent" house when you get married, it is better to specify that you want to buy a 4-room HDB resale flat for not more than $260,000 when you turn 30 years old. By putting a monetary value to your desired goal, you can start working out what you have to do to achieve it.

Understand the Effects of Each Financial Decision
Every financial decision you make can have an affect on other areas in your life plan - they are all inter-related. Increasing the amount of money you set aside for your child's future education may affect your retirement goals.

Re-evaluate Your Financial Situation Periodically
Your goals may change over time due to changes in lifestyle or circumstances, such as marriage or a change of job and income. As such, you need to revisit and revise your financial plan regularly to ensure that you are always on track with your long-term goals.  Remember, financial planning is a dynamic process.

Start Planning as Soon as You Can!
It is never too early to start. Develop good habits such as saving, budgeting, investing and keeping tabs on your financial plans. You will then be better prepared to handle emergencies and the various changes that occur in life.

Be Realistic in your Expectations!
Financial planning is a lifelong process. You cannot change your financial situation overnight.  Remember that events beyond your control, such as inflation, changes in the stock market or interest rates will affect your financial planning results.

Realise that You are in Charge and Seek help from qualified financial advisers.
You are ultimately responsible for your financial well being.  If you need help, you may wish to consider working with a qualified financial adviser.

Financial advisers are trained and have experience in taking a broad look at your entire financial situation.  They can assist you in getting on the right track and advise you on the best way to achieve your financial objectives.