Many individuals confuse financial planning with general savings and investing advice. While how to save (and how much!), and where and when to invest those savings, is every bit as important, prudent Financial Planning goes far beyond the realm of just saving and investing. The sooner you understand the role of financial planning in meeting your short-, medium-, and long-term financial aspirations, the better you’ll be able to control your financial destiny.
Why Financial Planning Is Important
A well-grounded financial plan is essential for anyone who wishes to accomplish specific financial objectives. Whether it’s paying off a mortgage, making sure your children’s education is well funded, or ensuring a smooth and stress-free retirement; all these components can come together under a unified financial plan.
