Financial Planning is the Process of achieving your life goals through strategic management of your Finances. Some common goals can include; buying a home, saving for your child’s education or planning for retirement.
The Financial Planning process consists of six stages that are undertaken to help you understand and improve your financial situation.
Many of us dream about our futures and what we want our lives to become. However, in order to achieve these aspirations, it’s important to set goals to determine a path forward.
Every person has different priorities; for some it may be saving for Retirement or providing for their child’s education, while others may be lifestyle based, such as an annual holiday.