Financial Planning
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What is Financial Planning?

In general usage, a financial plan is a comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans.

Start by working out your goals in life, in the short, medium and long term. Prioritise them, and think about the likely cost of those goals and when you will need the money, so you can start to plan your finances to work out how to achieve them. Don’t forget you also have to plan for some of the hurdles you may have to overcome too. It’s about getting organised; being in control of your finances rather than letting your finances control you.

Steps for Financial Planning

  1. Establish your goals in life – short, medium and long term.
  2. Work out what assets and liabilities you have – write them down.
  3. Evaluate your current financial position – how close are you to achieving your goals?
  4. Develop your plan – create a “route map” for achieving your different goals
  5. Implement your plan – make the changes and make it happen.
  6. Monitor and review your plan at least yearly and make adjustments when needed.
  7. Also providing Consultation on preparation of WIll & Family arrangement.