Financial Needs Analysis

Financial Needs Analysis is a process to assess an individual or family's financial situation and goals. It involves evaluating income, expenses, assets, and liabilities to identify immediate and future financial needs, such as retirement savings, insurance, or investment strategies. The goal is to create a personalized plan that ensures financial stability and helps achieve specific objectives, like funding education or buying a home. By understanding current resources and future goals, individuals can make informed decisions to secure their financial wellbeing.