name the functions of financial planning with explanation..
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Financial planning is a step-by-step approach to meet one's life goals. A financial plan acts as a guide as you go through life's journey. Essentially, it helps you be in control of your income, expenses and investments such that you can manage your money and achieve your goals.
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Explanation:
Financial planning includes:
Planning for the amount of capital or investment required for a business to carry out its operations in a smooth way. Determining and comparing sources of funds both internally and externally. Making of suitable rules and policies for administration and utilization of funds.
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