A financial plan is a personal document created to help assess your current financial situation, create various money goals, and help you make better financial decisions going forward.
Here are a few reasons a financial plan is important:
- Helps you understand your income
- Understand your current cash flow
- Learn how to build more capital
- Improve your family’s finances
There are a few reasons why you might want to consider hiring a financial planner:- You would feel more comfortable having someone you can rely on for expert advice when you need it.- You need someone to hold you accountable for your financial plan and your progress.