The article “Financial Planning- The Forgotten Maintenance” talks about how it is important to spend time looking after your finances, not just when something bad happens.
Financial planners recommend that people plan for expenses, emergency funds and retirement. This will help ensure that the person is able to live comfortably in old age while also protecting them against emergencies that could come up in the future.
Financial planning is a process of setting goals, making plans and taking the necessary steps to achieve those goals.
The first step to financial planning is to set your goals. These goals should be measurable and have a deadline. Once you have your goals, you can start creating a plan on how to achieve those goals. This plan should include the things that you need to do in order for you to reach your goal as well as the steps that you will take everyday on how you will work towards achieving the goal.
Financial planning also includes managing your expenses and saving up some money before deciding where it should go towards or put into investments etc. Remember that not all investing methods are good for everyone so make sure that you do some research before committing any of your money into something like stocks or bonds