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Q: What is the need of financial planning?
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What is financial planning and what does it do?

Financial planning is a means of determining one's present and future financial needs and trying to budget and allocate financial resources to take care of both present and future needs. Financial planning helps one to set a goal for saving or building up the financial resources needed for the future. For any investor, knowledge of financial planning is a must.


How important is financial planning for a newlywed couple?

A couple just starting their lives together need to plan for the future, so financial planning is crucial. Planning for the purchase of a home or the start of a family require advance planning so money will be available when needed.


What kind of financial planning services does Northern Rock offer?

Northern Rock provides savings and retirement accounts, mortgages and insurance policies. Their financial planning department can help you decide what services you need.


What does a certified financial planner actually do?

Financial Planners are the ones who deal in resolving financial issues by making a financial plan like cash flow management, education planning, retirement planning, investment planning, estate planning, tax planning, insurance planning, risk management, and business succession planning for business owners. A financial planner must already finished his/her CFP certification program so he/she can practice his/her skills and knowledge in the field of financial planning.


What is the first step in the financial planning process?

The first step in the financial planning process is to determine your current financial situation.

Related questions

What could financial planning help you do?

I need help!


How does financial planning incorporate investment planning retirement planning and estate planning?

How does financial planning incorporate investment planning, retirement planning, and estate planning


What is financial planning and what does it do?

Financial planning is a means of determining one's present and future financial needs and trying to budget and allocate financial resources to take care of both present and future needs. Financial planning helps one to set a goal for saving or building up the financial resources needed for the future. For any investor, knowledge of financial planning is a must.


How important is financial planning for a newlywed couple?

A couple just starting their lives together need to plan for the future, so financial planning is crucial. Planning for the purchase of a home or the start of a family require advance planning so money will be available when needed.


What does a certified financial planner actually do?

Financial Planners are the ones who deal in resolving financial issues by making a financial plan like cash flow management, education planning, retirement planning, investment planning, estate planning, tax planning, insurance planning, risk management, and business succession planning for business owners. A financial planner must already finished his/her CFP certification program so he/she can practice his/her skills and knowledge in the field of financial planning.


What kind of financial planning services does Northern Rock offer?

Northern Rock provides savings and retirement accounts, mortgages and insurance policies. Their financial planning department can help you decide what services you need.


What is the first step in the financial planning process?

The first step in the financial planning process is to determine your current financial situation.


Where can one go to get a certified financial planning consultant?

Certified Financial Planning consultants are widely available at many brokerage firms and financial planning agencies such as Financial Planners Respond or Smart Money.


When was First Command Financial Planning created?

First Command Financial Planning was created in 1958.


What are some benefits of retirement financial planning?

Some benefits of retirement financial planning include pensions, ensure future financial, provide information on financial planning, and many more. It really benefits the elders.


What financial services does Wachovia offer?

Wachovia offers a wide range of financial services. From savings accounts to home loans to college planning, money markets to automobile loans to retirement they are the one stop shop for any type of financial planning you may need.


Does TDAmeritrade offer good help and tips on their website?

TDAmeritrade offers many useful, helpful tips on their website that you may use for financial planning. If you need financial planning help, TDAmeritrade's website may be useful.