Why Financial Planning?

Why Financial Planning?

 

Financial Planning needs to be done because of its following advantages:

1. A) Manages of the decay of purchasing power due to inflation.
2. B) Helps in achieving pre-determined long-term and short-term goals.
3. C) Preserves of capital.
4. D) Maintains parity between risk and reward, i.e. proper asset allocation.
5. E) Manages finances in a tax-efficient manner.
6. F) Provides peace of mind.