Why do we need financial planning?

Understand your financials

Start by making a list

Name:
Age:
Income:
Expense:
Loans:
Goals:
Dependencies:

Understand your financials

Do you know how much money you need per month for retirement? Let us calculate.

Health Check-Up:
Food:
Rent:
Electricity:
Travel:
Telephone Bill:
Others:

Points to Remember

Points to Remember

Let us recap what we have learned so far

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    Financial planning is:
    Understanding income
    Understanding expenses
    Setting financial goals
    Working toward achieving those goals

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    You can achieve your financial goals by increasing income and reducing expenses

Use the Retirement Corpus Calculator to find out how much you need to lead a comfortable life during old age. With retirement planning, you will be able to meet all these expenses easily!

 

 

Quiz

Take a quiz to see how well you have understood Financial Planning

Continue reading to know the importance of financial planning

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