Financial planning is the process of meeting your life goals through the proper management of your finances. Life goals can include buying a home, saving for your child’s education, planning for retirement and much more.
The financial planning process consists of six steps that help you take a snapshot of where you currently are in your financial situation. Using these six steps, we can analyse your current financial situation, what you may need in the future and what we both must do to reach your financial goals.
The process involves gathering relevant financial information, setting life goals, examining your current financial status and developing a strategy to help meet your goals given your current situation and future plans.