Personal Financial Planning App www.guardianwealth.app/comprehensive-financial-planning-app
What is Personal Financial Planning? • It is a comprehensive plan, projecting many years into the future. • It isn’t just for those with a lot of money. • A financial plan safeguards you against life’s surprises. • It includes details about your income, savings, investments, expenditures, debt and insurance.
What are the steps in personal financial planning?
Prioritize your goals If you want to get out of debt and retiring early, your personal financial planning goals might be prioritized as follows: • Create financial plan • Build emergency fund • Start saving for retirement
Create a budget Personal financial planning requires you to create a budget based on all of your incomings and expenditures, to assess the necessity of your invariable costs. • Group all of your expenditures into variable or fixed costs • Review your budget monthly, and make adjustments where necessary.
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www.guardianwealth.app/comprehensive-financial-planning-app