Financial Planning is the long-term process of managing your own finance so that you can achieve your goals and realize your dreams. It helps you to know; where you are today? Where you want to go? And how to reach the destination?
BENEFITS OF FINANCIAL PLANNING
If you have the time and knowledge, you may be able to do a lot on your own. But most of us are too busy to do proper financial planning on our own. Sometime a specific event or need will trigger the desire for professional financial planning guidance; it may be for buying a house, funding education or marriage of children or planning for retirement. Some aspects of financial planning may be too complex for most people such as calculating how long your retirement savings will last. Further, the recommendations made by the neighborhood advisor or insurance agent may not match your needs. There are advantages in seeking guidance from a professional financial planner, who not only helps you to prepare a proper financial plan but also keep you on track to achieve your goals too.