Financial Planning is a term we hear bandied about in the media all the time, but ask people What is financial planning and you are bound to get many different answers. It means different things to different people, but the most important question is what does it and what should it mean to YOU
To a young couple starting out the best financial planning could be a way to save up the down payment for a home while still paying for all the bills and keeping consumer debt under control.
Financial planning is a term that has been widely used over the last couple of decades to attempt to explain the activities of investment, insurance and tax professionals. While it has been used more and more by these professionals for marketing purposes, the term is largely misunderstood by the public because the activities to which the name is applied vary as much as the entire financial industry.
As a consumer, you need to understand what financial planning is and how important it is to your future.
