Financial Planning for Beginners
A financial plan helps you reach your financial goals. It includes an overview of what you want to achieve and how you plan to get there. It also includes a realistic set of steps to achieve your goals.
This plan will give you a blueprint for your future.
A financial plan is different from a budget in that it covers all areas of your life, including your savings, debt payment, investments, and more. This plan focuses on your long and short-term goals, day-to-day expenses, etc.
Here are the rules you must follow to plan your finances-
Prepare a Budget
When you are managing your money well, there are a number of benefits that you can enjoy. For example, when you are managing your money properly, you will be able to save more money. By saving more money, you will be able to have mo...