Financial planning is the process of wisely managing your finances so that you can achieve your dreams and goals — while at the same time helping you negotiate the financial barriers that inevitably arise in every stage of life.

It is a road map to help you achieve your life’s goals. It helps you to answer certain basic questions regarding :

• What is your current financial situation ?
• Where you want to get to ?
• What are the implications ?
• What is the best strategy that will take you there?

It is the process of meeting your life’s goals through proper management of your finances.