In the simplest way, 'Financial Planning' is an ongoing process that enables an individual to produce measured and sensible conclusions about her or his financing; that further help them achieve strategic objectives and future goals.
It involves curating an agenda with the help of an expert, for effective direction of one's incoming and outgoing monetary data.
Financial plan is really a detailed statement that evaluates a person's present finances and quotes future financial condition by using existing variables to remove the best-suited plan.