By definition, Personal Financial Planning is a systematic approach where an individual maximizes the existing financial resources through proper management of one’s finances to best achieve his/her financial goals and objectives. Defining Financial GoalsIf you ever visit a financial planner, they are highly likely to begin your financial plan discussion by asking you what your financial goals are. Take a few days before the middle of this month and write out your personal financial goals. Financial UnderstandingThrough a financial plan, you are in a better position to understand your financials through the set measurable financial goals and the effects of decisions made. Financial planning can give one a whole new approach to the budget and ways of improving control over one’s financial lifestyle.

Source: Nigerian Tribune January 08, 2022 02:17 UTC