What is financial planning?
Financial planning is a methodical process for achieving one’s objectives in life.
Financial planning is important, as it can actually assist you in managing your money as efficiently as possible. It can also help you create a plan to help you determine how many resources you need each month to spend.
Knowing your financial position today Find out where you are financially right now, including your income, expenses, debts, savings, and assets. This is the first stage in financial planning since it helps you get a solid sense of how your finances are doing and where you can make improvements.