Question

Explain the role of financial planning in financial management.

Answer 1

Answer:

Financial planning helps you determine your short and long-term financial goals and create a balanced plan to meet those goals. ... Tax planning, prudent spending and careful budgeting will help you keep more of your hard earned cash. Capital: An increase in cash flow, can lead to an increase in capital.

Explanation:

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Answer 2

Answer:

Financing planning help you determine new short and long term financial goals and create a balance plan to meet those goals

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