Personal financial planning is a systematic process that considers important elements of an individuals's monetary affiars in order to fulfill monetary goals.
In general terms, financial planning is a comprehensive assessment of an individual's current salary and future financial position by predicting future income, wealth, and recovery plans using currently known variables. to evaluate.
Financial planning is a method, not a product. It's a long-term strategy for managing your money wisely so that you can achieve your goals while overcoming the inevitable financial obstacles at every stage of your life.
Financial planning is the task of determining how a company can afford to achieve its strategic goals and objectives. Businesses typically create a financial plan immediately after setting their vision and goals.
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