FINANCIAL PLANNING

Planning involves setting goals, and establishing strategies and procedures, with a systematic process, and steps to achieve the set goal(s). Planning helps to save time, resources, and can increase the chances of success.  

A financial plan involves a thorough examination of your income and spending. It can improve your understanding of your financial circumstances at all times. It establishes important short- and long-term financial goals upon which you can base your investment planning. Having a plan is always very crucial in any endeavor. Failing to plan is "a plan to fail".