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Financial planning refers to the systematic planning and management of an organization's resources. In simple terms, it is all about making smart financial decisions. In simpler terms, it is about budgeting and savings for the future. The latter refers to reducing expenses in today's cutthroat economic environment. In essence, financial planning is...

Financial planning is really the process of making a detailed look at your current financial situation, coming up with a set of financial goals and then setting a specific financial strategy to achieve those goals. Financial planning isn't the same as asset management, though. Asset management in general refers to simply managing assets for a...

Financial planning is essentially the process of making a very detailed analysis of your financial situation, coming up with a certain financial strategy to achieve your financial goals and then taking that financial strategy a step further by putting it into action. Because of this, financial planning frequently delves into several different areas...

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