What is Financial Planning?

Because your life will undergo frequent changes, and because your assumptions require constant updating, financial planning is a lifelong process. This means you need to revise your plan periodically. Your financial plan should be revised if:

One to three years have passed since you last updated it.

There have been any changes in your:

Goals

Health

Marital status

Occupation or employment

Income

Expenses

There has been a birth or death in the family.

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