What is meant by financial planning?
Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. Usually, a company creates a Financial Plan immediately after the vision and objectives have been set.
What is financial planning and why?
Financial planning is a step-by-step approach to meet one's life goals. A financial plan acts as a guide as you go through life's journey. Essentially, it helps you be in control of your income, expenses and investments such that you can manage your money and achieve your goals.
Which best defines financial planning?
Financial planning is the process of assessing the current financial situation of a business to identify future financial goals and how to achieve them. The financial plan itself is a document that serves as a roadmap for a company's financial growth.
What is an example of financial planning?
A financial plan example of possible goals might include the following: Pay off your credit card debts. Create a budget that you can live with. Save an emergency fund of three to six months' worth of your income.
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