Life is full of changes and challenges. You need to plan and modify your life goals as you negotiate every turn along the way.
Financial planning reduces surprises and makes you more in control of your goals.
Financial planning enables you to list out your financial expectations, present and future, and helps you set up realistic plans, objectively evaluate alternatives, and take effective measures.
It also helps you see how your financial goals may be interrelated and how they may be balanced with each other.