What is Financial Planning and How Financial Planning is Calculate.

Happy to make the best efforts are not enough but it will have to be meaningful to us.

Recently we read in the papers for the March 31 tax savings of investors, those who file tax returns, tax collectors were engaged in long rows.

How Financial Planning

1. Set goals to financial nature: in every person's life there are many different goals such as children's education - married, buy a car, buy a house, retirement, etc.. With inflation taking us to determine the amount you should take in the future.

Increase Savings:

Put down on unnecessary expenses: expenses incurred on account of their different reckoning Review Place and Time item in which expenses can be reduced.

Reduce the burden of loan: a loan to us, which do not contribute to our net, should plan to repay immediately.

Do not fade. So we at the beginning of the year tax planning should start investing in the proper tools.

Risk Management:

Assess Potential Risk: Our life is surrounded by uncertainties, which may occur in the future are obstacles in achieving our goals. So let future should assess all such potential risk.

Get adequate insurance cover: insurance risk transfer is the process by which we can transfer financial risk by paying the premium and the insurance company can secure your future. Whether it be life insurance or health insurance, most of us are housed individuals who take this insurance, are not enough to cover them. The main reason that we seek returns in insurance and risk tend to under-estimate. Therefore requires that adequate life insurance and term plans aimed at increasing medical Cast ensure adequate health insurance.

Emergency fund: Every person's life remain uncertain events occur, Willingly we do not include them in your financial planning. We are 4 to 6 months, monthly expenses, loan - EMI, the annual insurance premium equal to the emergency fund should be made ready.

6.mentally healthy person over the age of possession of the property / life insurance policy, the will must necessarily write.

So let your financial planning should take advantage of the services of the Certified Financial Planner.can make your life richer and happier.