Do you frequently experience more month at the end of your paycheck? If so, you are not alone. The average person today spends anywhere from 10-30% more than they earn. Creating a financial forecasting plan will prepare you for present and future expenses and ensure that you don’t overspend. By preparing and planning your finances in advance, you prevent yourself from plunging further into debt. Here is a step by step guide on how to create a Financial Forecasting Plan. You will need a calculator, notepad, and pen.