All You Need to Know About Financial Planning
Do I really need a financial plan? This is a question that a lot of people ponder about. Some people feel that financial planning is all about saving regularly in bank recurring deposits. Unfortun ately, saving isn’t enough to accomplish your life goals. To achieve all your life goals such as buying a car, house, dream vacation, and child’s education, you need to have proper financial planning in place. A financial plan helps you in constructing a road map so that you can fulfill your financial goals. Also, it helps you in building your emergency fund for any unexpected requirements that may appear. What Is Meant by Financial Planning? Financial planning is a professional approach to assess your present & future financial status and thus allowing you to accomplish your objectives in an organized manner. As stated above, it builds a blueprint and gives you the power to fulfill all the expenses of life – both expected & unexpe...