Using a flow chart template for financial decisions – 10 tips

A flow chart template is a clear and effective way to illustrate the steps in a process. Flowcharts are diagrams that represent an algorithm or process with boxes of various kinds moving along certain paths according to certain rules. They have been used for rapid recording of processes or algorithms since the 1870s. In today’s world, you will find flowcharts used in software applications, manufacturing processes, business management, and other similar areas.

Flowcharts are useful for simplifying things. They help you understand complicated processes and keep track of them with ease. A flowchart can be a looking glass into a process that helps you understand all the possible outcomes arising from a particular decision and helps you gain control over complex situations.

No matter how small or big, financial decisions can always benefit from a flowchart. You can use one to map out the decisions in your career, business, finance, and pretty much anything you want.

We have created a set of 10 best practices for creating beneficial flowcharts for financial planning purposes. Check them out below!

1. Define your objectives for your flow chart example

Before actually getting started with the chart, you need to know what you want to achieve. It is necessary to clearly define the objective of your flowcharting exercise to get the best out of it. All your efforts will be directed towards achieving that one objective and nothing else. You can also use a flowchart to break down a process to achieve several objectives.

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2. Consider your audience

Identify the people who will be reading and following along with your flowchart. They can be anyone – family members, friends, colleagues, or clients. You should also consider their level of knowledge on the topic you are describing through your flowchart.

3. Use flowchart symbols and boxes wisely

It is necessary to use the correct symbols and shapes in your chart. This ensures that it remains simple yet informative at the same time. It should be able to convey important information through a glance without making things look cluttered or unclear. Start from one box and go on adding more as you move down the ladder.

4. Use color smartly in your flow chart maker

Color can be used as a great visual aid in drawing flowcharts. It is important to use it effectively and wisely to make things more interesting and easier to understand. The colors should always work with the symbols used in your chart without overshadowing them or making them look dull.

5. Make the first steps of your process flow chart template clear and easy

The entry point to your chart should always be visible and ideally placed at a location where it easily catches everyone’s attention. Your first steps should also be as self-explanatory as possible without leaving room for any ambiguity or confusion. It is important to make the chart flow from top to bottom and left to right. Avoid adding too many twists and turns to simplify the overall look.

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6. Make proper use of arrows

An arrow is one shape that can be used effectively in a flowchart for pointing things out in the right direction. It not only shows movement but also helps you organize things better. You can add arrows wherever necessary to show the starting point, ending point, the transformation of information from one state to another, etc.

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7. Provide entry and exit points

It is important to make your chart more detailed by showing entry and exit points whenever required. This will allow readers to work backward to gain more information about the process or progress of things. Additional entrances and exits help you organize things better and make them easier to comprehend!

8. Label every box and arrow in the process flow diagram

Make sure that every element – boxes, arrows, etc. – is properly labeled to add more value to your chart. This is how you will be able to provide more information about each element in your chart, making it all the more appealing and easy to understand.

9. Keep things simple

Flowcharts are meant to simplify complicated matters. So, do not complicate things by adding too much information or unnecessary elements. Be focused when creating one, and keep it simple as you can. This way, it will be easier for readers to follow along and make sense of all the information displayed.

10. Use flowcharts to explain processes and procedures

Flowcharts are extremely helpful when explaining things through a chart. For example, you can use flowcharts to describe processes and procedures that need to be followed when carrying out tasks. It is also perfect for highlighting the various steps involved in a complicated activity. You need to break down things into small, manageable pieces, with each step requiring lesser attention.


Flowcharts are incredibly useful tools for simplifying complex processes and procedures, especially in business. Follow the tips provided here to create better charts to meet your needs!