Question

what is Financial planning
with example
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will.be correct. ​

Answer 1

Answer:

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.

Example of Personal Financial Planning Process, its easy:

Example of Personal Financial Planning Process, its easy: First step is be debt free, payoff any outstanding loans at earliest that may be car loan or home loan or any other personal loans. Second step is to start regular savings, Accumulate small amount as a part of savings from your monthly budget.

Answer 2

Step-by-step explanation:

A financial plan is a comprehensive picture of your current finances, your financial goals and any strategies you've set to achieve those goals. Good financial planning should include details about your cash flow, savings, debt, investments, insurance and any other elements of your financial life.