Planning financial goals is an important activity in every ones life, lack of planning leads to unexpected worries and may disturb life in tough situations and times.
It starts when you are earning regularly in your young age in your job or business. It is allocation of your earnings into different buckets and contingency planning.
Financial planning lays foundation to actively manage your regular earnings, such that your money is put on works for the days you won't be working or earning.
It accounts economic growth, inflation and other dynamic market events, that will not hurt but will complement in your retired or not good times.
