Budgets vs financial plans

Financial plans and budgets can help you be financially successful now and in the future. Yet, while the two go hand-in-hand, they are not the same. Here are some key differences to help you distinguish between your budget and your financial plan:

Where you’re going vs. where you are today:

Strategies vs. tactics:

Long-term vs. short-term:

Tip

Think about the things you want to do in 10, 20, or 30 years, and what steps you would have to take to reach those goals.

By understanding how your budget and financial plan work together, you can stay on the track to financial success.

Empower yourself with financial knowledge

We’re committed to helping with your financial success. Here you’ll find a wide range of helpful information, interactive tools, practical strategies, and more — all designed to help you increase your financial literacy and reach your financial goals.

Products to Consider

Wells Fargo Bank, N.A. Member FDIC.