Marlo is a compulsive shopper. He shops for apparel online. He wants to get rid of the habit. He seeks help from his friend Thomas. Thomas

creates a financial plan for Marlo to follow. His goal is to curb the urge to shop and save money for college. List the steps in order that Mario

should take towards financial planning.

Determine his financial goal.

Determine Mario's current

financial standing.

Create a financial plan aiming

to save money for college.

Determine possible risks that

Mario can take.

Review and revise the plan

regularly.