What Is Financial Planning?

Financial planning is the process of setting, planning, achieving and reviewing your life goals through the proper management of your finances.


Life goals include buying a home, getting married, raising children and planning for their education, insuring yourself and your family, setting aside money for retirement and investing it, estate and tax planning, etc.


Life goals are not limited to personal matters; they may involve starting a business and financing it, joining or withdrawing from a partnership, etc.