The importance of financial planning

 

Financial planning helps you to:

Set goals and determine your actual needs.

Money saving.

Live according to the available budget

Provide financial security incase of emergencies.

Improve your lifstyle, mindset and way of living.

Increase self-reliance.

Money management.

Financial Planning

Indiscriminate consumption:

Indiscriminate consumption is high among a lot of people; it is one of the main reasons for financial crisis, especially when it comes to taking loans. Consuming without planning will result in a lot of debts , which sometimes leads to inability to afford the basic needs for some families. Inability to control the budget is caused by the spreading of the consumption culture, in addition to lack of self-confidence, as well as imitating wealthy people.