Financial Planning

What is financial planning? Well, intuitively it is the process of planning your finances and that is pretty much what it is.

It refers to working out the capital that you have, or money to spend, and then looking at how it will be spent on fixed costs and so on, then working out what money you have left. And how to use your money in order to profit in the future potentially for a business, or indeed for an individual to work out how much they can afford to commit to savings and how to get the best return based on their preferred level of risk.

Often banks or advisers will help with financial planning to ensure their customers make the most of their money.

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