Financial Planning: -
By definition financial planning is a series of activity to achieve a desired objective and reach a point where you need not to worry about you defined expenses. It is good to plan early and execute for the expenses you know are going to come for you in future and you need to save for in now. It is better to be prepared then sorry.
As we plan our life from beginning to end. It is important to plan the savings and expenses for the same.
Examples of Financial Planning: -
How to save money?
How to reduce tax liabilities?
How to increase income?
How to guard your savings from inflation?
This tool paves the way to reach you for your financial goals.It tells the kind of discipline required to save the money for future expenses.This tool also provides an idea about what kind of flexibility or rigidity is required in your portfolio.