Financial Planning
Financial planning may be a step-by-step approach to satisfy one’s life goals. A budget acts as a guide as you undergo life’s journey. Essentially, it helps you be on top of things of your income, expenses and investments such you'll manage your money and achieve your goals. If you're taking a better check out the above examples, you’ll find that there's one factor that connects all of them: money. You need to possess an adequate amount of cash to fulfil your goals and desires. More importantly, you would like to possess money at the proper point in time. For example, if you would like to create up a corpus of Rs. 10 lakh for your daughter’s college education through investments, you would like to grow this amount by the time she turns 18. Not a year later. This is where financial planning becomes essential. What are Benefits of financial planning? There are numerous practical benefits to financial planning . It helps you to: 1. Increase your savings It may be ...