Financial Planning
Financial planning is the process of meeting your life goals through proper management of your finances. Financial planning is a systematic approach where the financial planner enables the customer to maximize his existing financial resources by utilizing financial tools to achieve his financial goals.
Life goals can include buying a home, saving for your children education or planning for retirement. It is a process that consists of specific steps that help you to take a big-picture look at where you are financially. Using these steps you can work out where you are now, what you may need in the future and what you must do to reach your goals.
Importance of Financial planning
1.To meet financial goals and obligation
2.A good financial plans will help you to retire in comfort
3.It helps you to achieve financial freedom
4.It helps you to make rational financial decisions
5.To take advantage of financial opportunity
Life goals can include buying a home, saving for your children education or planning for retirement. It is a process that consists of specific steps that help you to take a big-picture look at where you are financially. Using these steps you can work out where you are now, what you may need in the future and what you must do to reach your goals.
Importance of Financial planning
1.To meet financial goals and obligation
2.A good financial plans will help you to retire in comfort
3.It helps you to achieve financial freedom
4.It helps you to make rational financial decisions
5.To take advantage of financial opportunity
