Personal financial planning is the process of managing your money to achieve financial goals. A financial plan would help you control your financial state, which varies depending on your stage and situation in life.
<p>A financial plan would help you control your financial state, which varies depending on your stage.</p>
Personal financial planning is the process of managing your money to achieve financial goals. A financial plan would help you control your financial state, which varies depending on your stage and situation in life.
Having a financial plan can improve the quality of your life and reduce the uncertainty about your future needs and resources. It is a formal document that summarises your current situation, and it can help you analyse at any given point where you stand vis-à-vis your goals, which, in turn, gives you control over your financial life.