Financial Goal Planning
Achieving personal and financial ambitions is the primary objective of the financial planning process. In order to make plans for the future, you need to know where you are today and where you want to be tomorrow. Financial goal-setting is very much like planning an itinerary for a trip. You need to identify your starting point and desired ending point, estimate a desired timeframe, and figure expenses for the entire journey.
The simple truth is, writing down your financial goals allows you to prioritize them, take specific actions to achieve them, and provides a handy list to review, reevaluate and revise them periodically. Knowing what you want to achieve is the essential first step in achieving your goals.