---
title: Plansmith Blog | Craig Hartman
description: is the Founder & CEO at Plansmith.
---

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# Plansmith Blog

## Craig Hartman

is the Founder & CEO at Plansmith.

### Recent Posts

## [Don’t Just Budget, Control Your Results](https://blog.plansmith.com/dontjustbudget-controlresults)

 Posted by [Craig Hartman](https://blog.plansmith.com/author/craig-hartman) on 10/1/24, 10:18 AM

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[![planning](https://blog.plansmith.com/hubfs/12.png)](https://blog.plansmith.com/dontjustbudget-controlresults)

Are you really planning, or are you just budgeting?

By this I mean, are you filling out the numbers on a spreadsheet or planning the actions needed to make it a reality?

It’s always gratifying when all the numbers come together in a neat package showing expected growth and earnings for next year. And, there were likely many contributors who verbally expressed their goals and plans on how they are going to reach them. The compiled financial targets are then presented to and accepted by the board, and your monthly comparisons begin. Budget “predictions” are compared to reality. Variances from “budget” are explained, and business continues as usual. In essence, that’s budgeting.

[Read More](https://blog.plansmith.com/dontjustbudget-controlresults)

## [Charting Growth: The Compass of Goal Setting in Financial Institutions](https://blog.plansmith.com/charting-growth-the-compass-of-goal-setting-in-financial-institutions)

 Posted by [Craig Hartman](https://blog.plansmith.com/author/craig-hartman) on 5/24/24, 12:00 PM

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[![goal-setting-compass](https://blog.plansmith.com/hubfs/Postcard%207.01.2024.png)](https://blog.plansmith.com/charting-growth-the-compass-of-goal-setting-in-financial-institutions)

For banks and credit unions, navigating the ever-evolving financial landscape requires more than just intuition and experience. It demands a clear vision, a roadmap etched with achievable goals, and a dedicated pursuit of those objectives. Goal setting emerges as the compass guiding organizations through market volatility, technological disruptions, and changing customer expectations. Effective goal setting empowers banks and credit unions to not only survive but thrive in a dynamic financial ecosystem.

[Read More](https://blog.plansmith.com/charting-growth-the-compass-of-goal-setting-in-financial-institutions)

## [The Power of Playbooks: A Blueprint for Success](https://blog.plansmith.com/the-power-of-playbooks-a-blueprint-for-success)

 Posted by [Craig Hartman](https://blog.plansmith.com/author/craig-hartman) on 1/11/24, 11:19 AM

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[![playbook](https://blog.plansmith.com/hubfs/BudgetingALM%20Postcard%20Bleed%202.05.24.png)](https://blog.plansmith.com/the-power-of-playbooks-a-blueprint-for-success)

In the face of complexity and uncertainty, human instinct seeks order and guidance. A playbook, whether etched on ancient clay tablets or stored in modern cloud servers, provides this very structure. It transcends a mere collection of rules; it's a living document, a distilled wisdom of past experiences, offering a roadmap for navigating future challenges. The benefits of a well-crafted playbook are manifold, weaving their magic across both individual and collective endeavors.

[Read More](https://blog.plansmith.com/the-power-of-playbooks-a-blueprint-for-success)

## [Turn Your Budget into a Plan](https://blog.plansmith.com/turn-your-budget-into-a-plan)

 Posted by [Craig Hartman](https://blog.plansmith.com/author/craig-hartman) on 1/15/21, 12:04 PM

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[![budget](https://blog.plansmith.com/hubfs/savings-2789112_1920.jpg)](https://blog.plansmith.com/turn-your-budget-into-a-plan)

During the Middle Ages the town controller or accountant would show the citizenry how much was in the town’s “bouge,” a leather bag or wallet. With this knowledge, they would decide how best to spend it to cover the town’s expenses. Eventually, the term became the “budget” and was adopted by various enterprises to control expenses. Since not all expenses are immediate, the idea of forecasting revenues and expenses slowly entered the picture. However, expense control remained the primary objective. Hence the saying familiar to all of us: “That’s not in the budget.”

[Read More](https://blog.plansmith.com/turn-your-budget-into-a-plan)

## [How Will Rate Changes Impact Your Budget?](https://blog.plansmith.com/how-will-rate-changes-impact-your-budget)

 Posted by [Craig Hartman](https://blog.plansmith.com/author/craig-hartman) on 3/11/20, 9:48 AM

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[![](https://blog.plansmith.com/hubfs/stock-1863880_1920.jpg)](https://blog.plansmith.com/how-will-rate-changes-impact-your-budget)

Everyone probably has their budgets in place for 2020 by now. And now comes along the Coronavirus and messes everything up. The Fed has already lowered rates by half a point. So, now you’re scrambling to figure out how this will impact your 2020 plans?

Seems like you have a few choices:

[Read More](https://blog.plansmith.com/how-will-rate-changes-impact-your-budget)

## [Stop Budgeting and Start Planning](https://blog.plansmith.com/stop-budgeting-and-start-planning)

 Posted by [Craig Hartman](https://blog.plansmith.com/author/craig-hartman) on 1/17/20, 9:16 AM

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[![budgeting and planning](https://blog.plansmith.com/hubfs/accounting-761599_1920.jpg)](https://blog.plansmith.com/stop-budgeting-and-start-planning)

Most of us have been building annual budgets forever. First on paper spreadsheets, then with electronic spreadsheet like Excel, and now with software budgeting tools that amount to little more than more convenient spreadsheets. But a budget is typically all numeric built with trending and last year’s information. Usually the CEO provides a growth and earnings expectation and we build the budget to make the math work. If you have a system that can also provide rate risk analysis and draw detailed data from your core system, you really have a great system. So, what’s the problem?

[Read More](https://blog.plansmith.com/stop-budgeting-and-start-planning)

## [Understand the Behavior of Interest Rate Risk](https://blog.plansmith.com/understand-the-behavior-of-interest-rate-risk)

 Posted by [Craig Hartman](https://blog.plansmith.com/author/craig-hartman) on 2/25/19, 2:27 PM

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[![writing-1149962\_1920](https://blog.plansmith.com/hubfs/writing-1149962_1920.jpg)](https://blog.plansmith.com/understand-the-behavior-of-interest-rate-risk)

The purchase of an asset liability management (ALM) system presents a problem to many bankers. Often the process begins with the creation of a checklist of features and functions then progresses to comparing vendors. The vendor with the highest "score" wins. While this may be a good start, there are dimensions to the problem that this ignores, specifically the quality and significance of the features identified.

[Read More](https://blog.plansmith.com/understand-the-behavior-of-interest-rate-risk)

## [Another Great Year](https://blog.plansmith.com/another-great-year)

 Posted by [Craig Hartman](https://blog.plansmith.com/author/craig-hartman) on 12/28/18, 11:44 AM

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[![laptop-3056593\_1280](https://blog.plansmith.com/hubfs/laptop-3056593_1280.jpg)](https://blog.plansmith.com/another-great-year)

Another great year has gone by, the stock market notwithstanding. With the number of banks and credit unions continuing to shrink, the cream is rising to the top. The quality of the remaining institutions is getting better.

[Read More](https://blog.plansmith.com/another-great-year)

## [The Most Important Variance – Where You Will Be](https://blog.plansmith.com/the-most-important-variance-where-you-will-be)

 Posted by [Craig Hartman](https://blog.plansmith.com/author/craig-hartman) on 6/25/18, 2:58 PM

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[![business-925900\_960\_720-3](https://blog.plansmith.com/hubfs/business-925900_960_720-3.jpg)](https://blog.plansmith.com/the-most-important-variance-where-you-will-be)

I was playing golf the other day and, of course, while I’m playing I’m thinking about work, which is a bad idea since I should be concentrating on my game. But I’m always thinking about ways to make planning more effective. My thoughts today were on variance analysis. Everyone uses variance analyses in their board reports to check progress against plan and it is certainly a good check. At board meetings we review our current position relative to last month, year-to-date and last year-to-date, etc.

[Read More](https://blog.plansmith.com/the-most-important-variance-where-you-will-be)

## [Change Isn't What It Used To Be](https://blog.plansmith.com/change-isnt-what-it-used-to-be)

 Posted by [Craig Hartman](https://blog.plansmith.com/author/craig-hartman) on 3/7/18, 2:15 PM

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[![clock-3179167\_1280](https://blog.plansmith.com/hubfs/clock-3179167_1280.jpg)](https://blog.plansmith.com/change-isnt-what-it-used-to-be)

Since the mid-1960s change has been a constant. The only real change is the rate of change. For years there have been predictions of shrinkage in the number of banks – the prediction is finally coming true. There has been a big change in the number of institutions (over 16,000 in 1972 to about 5,000 today). The environments they serve and the ways in which they serve has changed. Competition, consumer attitudes, market demographics, regulations, products, and technology have all had their impact.

[Read More](https://blog.plansmith.com/change-isnt-what-it-used-to-be)

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