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Financial Planning - Investopedia A financial plan is essential to achieving your financial goals, whether they include buying a home or simply going on vacation Browse Investopedia’s expert-written library to learn more
Financial Planning in Financial Management: Aspects and Roles Financial planning is the first step in finance management It involves making financial forecasts that help manage an organization’s finances Financial planning sets the stage by looking at past performance, current activities, and future goals to provide management with an idea of how much money will be needed over a given time frame