Financial Planning

Financial planning is the process of setting goals, developing strategies, and outlining tasks and timelines to achieve an individual or organization's financial objectives. It involves assessing current financial resources, including income, expenses, assets, and liabilities, and determining how best to allocate those resources to meet future needs. Key components of financial planning include budgeting, investment planning, retirement planning, tax planning, and risk management. The ultimate aim is to create a structured approach that ensures financial stability and growth, helping individuals or businesses make informed decisions regarding their financial futures.