Comprehensive Financial Planning lays the road map to achieve various goals a person may have, through proper financial management. This process helps in creating a blueprint, which if followed diligently, will result in goal fulfillment with the finances at one's disposal. Proper management of available resources and ensuring that they are allocated in the right places, in accordance with the liquidity, return expectation, taxation etc. is of prime concern to a financial planner.
A plan created taking into account one’s past investments/ insurance, Income & expenses, goals and cashflows offers clarity & perspective on where they are headed, whether they can meet their goals on time, if they are well funded at retirement etc. This is covered in an earlier section.
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