Financial Plan

A financial plan is a detailed strategy that outlines how an individual or organization manages their money to achieve specific goals. It includes analyzing income, expenses, assets, and liabilities, then creating a plan for saving, investing, and budgeting. The goal is to ensure financial stability, prepare for future needs like retirement or education, and manage risks. Essentially, it acts as a roadmap that guides financial decisions, helping to make informed choices and measure progress toward financial objectives over time.