When we talk about our future, everyone wants to secure their life which leads us to financial planning. Financial Planning involves looking at a client’s entire financial picture and advising them on how to achieve their short- and long-term financial goals.
Financial Planning is a process or a plan for 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.
As the name suggests, financial planning can also refer to an annual projection of income and expenses for a company, division or department. Financial Plans are the entire financial accounting overview of a company.