Financial Planning is a concerted and deliberate attempt to manage your finances in such a manner, so that adequate amount of money is available to meet requirements that will arise in different life situations and events. In the absence of a Financial Plan, it is quite possible that you may have sufficient money but may not match the goals in terms of both value and time. This can create a lot of stress and it may be too late to make corrective action after one realizes the need. By means of a plan, you clearly know well in advance what your goals are and how you will achieve them with least discomfort.
Financial Planning also helps you in taking informed decisions about your investments, and will provide you with a sense of control and direction in your financial life. This will in turn enable you to face life's challenges with increased clarity and confidence and peace of mind