The great self-improvement author Alan Lakein once said, œPlanning is bringing the future into the present so that you can do something about it now. Considering the same quote with finance, financial planning would be bringing future financial problems to the present so that you can do something about it now to make your future more secure. Financial planning is the process of making smart, calculated decisions about money that help you achieve the goals you set for yourself.
Now, there are several types of financial planning ranging from children’s future planning to tax planning to even retirement financial planning. This article is going to focus on financial planning tips on a more personal level.
How to develop a financial plan