define financial planning ?
In your own words
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define financial planning ?
In your own words
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from moderator and stars
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Financial planning is a step by step process of achieving short-term and long-term goals through proper management of money We may think that financial planning is a concept for professionals or business men, however, establishing goals in matters of money at an early age is an important skill. It paves way for a financially secure future.
So what are the questions that one should ask before starting financial planning ?
Where am I ?
Where do I want to go ?
How do I get there ?
Answer:
In general usages, a financial plan is a comprehensive evaluation of an individual's current pay and future financial state by using current known variable to predict future income, asset values and withdrawals plans.
Explanation:
I hope it will help you.