Financial Literacy Training Certification
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Financial planning is the process of taking a comprehensive look at your financial situation and building a specific financial plan to reach your goals. As a result, financial planning often delves into multiple areas of finance, including investing, taxes, savings, retirement, your estate, insurance and more. Accordingly financial planning is also the practice of putting together a plan for your future, specifically around how you will manage your finances and prepare for all of the potential costs and issues that may arise. The process involves evaluating your current financial situation, identifying your goals and then developing and implementing relevant recommendations.
When you first start work, the future may seem like it can take care of itself. You may well be finding it hard enough simply to afford your rent, food and any student debt repayments. You don’t want to have to think about anything more.
However, the future tends to arrive quite rapidly—and often sooner than you intended.
It is a good idea to start thinking ahead financially from a very early stage. It can help you to achieve goals such as saving for a deposit on a house or flat, or a. Obviously your goals will change as you move through life, but habits of financial planning and review will mean that you can change your behaviour to meet each new goal as it arrives.