As they say "save money and money will save you", but saving money involves some techniques in order to save on taxes and other expenditure. Financial Planning is not only limited to just saving money but it covers tax shield, education planning, cash flow management, investment planning, retirement planning, risk management and insurance planning, estate planning , tax planning, business succession planning.

Financial planning requires an in-depth knowledge of law and regulations related to financial transaction and income as the base of any financial planning is governing regulations and current financial policies in the country. These financial regulations keep on changing on regular basis and one needs to keep track of the same in order to apply the same in financial planning process.  

Be advised to consult any financial planner for your financial planning process. As financial planner or financial advisor is a practicing professional who helps people deal with various personal financial issues through proper planning and management. Financial adviser has detailed knowledge of government regulations and grants which can be helpful in the process of financial planning.

How to Start? Financial planning starts with setting up a goal, for example if your monthly income is 5000 bugs then what percentage of this money you would like to save in minimum risk venture like banks and what amount of money should be exposed to high risk venture like stock and shares this decision depends on your current and future needs for money. Any financial planner should examine the current and future need and financial obligations of the clients. Financial Planner must analyse different investment and insurance policies in order to cope with the clients' requirements.

Financial planning with the help of a financial planner or financial adviser shouldn't consider an overhead as it may save money and can provide extreme benefits in the future. Many people who were facing anxiety of fulfilling their financial obligations earlier feel peace of mind after consulting a financial planner or advisor. Many businesses take professional opinion of financial advisors on regular basis or they hire any financial planner to manage all their assets and liabilities so that business owners can focus on other areas of business also.

Financial planning involves different sequenced steps in order to make this process successful and beneficial. First step starts with deciding the long and short term financial obligations of the client and deciding the current amount needs to be invested to pay such obligations. Another big aspect is of risk management, people often want high level of returns with low amount of risk associated. However any financial planner of financial advisor may know that risk and return run direct proportionally.

There is certain number of financial method to avoid any undue risk associated with the investment and few financial tools like mutual funds and ULIPS can be considered fairly good investment option to any investor. However financial planner must look in to the client's willingness and level of risk acceptance. People often invest their money in high risk venture expecting a high return on the same but in case of any loss they blame financial planner which is totally incorrect and in appropriate.  Financial planners should also take proper consent before making any venture with high level of risks associated. Financial planning give businesses space for future and protect them against the harsh conditions of the economy and in business they say "If you fail to plan, you plan to fail".

To complete your personal financial plan you may also require Financial Advisor , Financial Planner, specialist advice on matters which are not within our area of expertise (such as Financial Adviser, Financial Planning). In these circumstances we will flag these issues with you.