Everyone of us do
certain amounts of planning. We plan our weekly menu, we plan our vacation.
Even our career path. In the same vein, we should also plan our personal
finances.
What is Personal Financial Planning? Personal financial planning seems like a big term. Simply put, it is the process on how you (if you are still single) or your family make decisions on how to obtain income, budget your money to fund certain needs (like food, clothing, education of the kids, etc.) and set aside savings. Personal financial planning also considers how you accumulate your wealth, how you spend it over time, and what steps you take to preserve it.
