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FINANCIAL PLANNING
 F O R F U T U R E
NEED FOR
FINANCIAL
PLANNING
Financial planning aims at
ensuring that a household has
adequate income or
resources to meet current and
future expenses and needs.
Financial planning refers to the
process of streamlining the
income, expenses, assets and
liabilities of the household to
take care of both current and
future need for funds.
 HelpsStayPreparedFor
Emergency
AttainPeaceOfMind
Retirementlifestyle
Children’sfuture
Growth ofassets
Income management
FINANCIAL
GOALS
Goals described in terms of the money
required to meet it at a point of time
in future, is called a financial goal.
Financial goal is the term used to describe the
future needs of an individual that require
funding.
It specifies the sum of money required in order
to meet the needs and when it is required.
Financial Goal Contains Two Important
Components:
goal value
time to goal or investment horizon
Time to Goal or Investment Horizon
Investment horizon typically refers to the
length of time an investor expects to hold
an investment before selling it. It can vary
widely depending on the investor's goals,
risk tolerance, and the type of investment.
Short-term investors might have a horizon
of days, weeks, or months, while long-term
investors might hold investments for years
or even decades. The investment horizon
often influences the choice of investment
vehicles and strategies
GoalValue
The goal value that is
relevant to a financial plan is
not the current cost of the
goal but the amount of
money required for the goal
at the time when it has to be
met. The current cost of the
goal has to be converted to
the value in future.
THAN
K YOU

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FINANCIAL PLANNING || GOALS | NEEDs | PLANNING

  • 1. FINANCIAL PLANNING  F O R F U T U R E
  • 2. NEED FOR FINANCIAL PLANNING Financial planning aims at ensuring that a household has adequate income or resources to meet current and future expenses and needs. Financial planning refers to the process of streamlining the income, expenses, assets and liabilities of the household to take care of both current and future need for funds.
  • 4. FINANCIAL GOALS Goals described in terms of the money required to meet it at a point of time in future, is called a financial goal. Financial goal is the term used to describe the future needs of an individual that require funding. It specifies the sum of money required in order to meet the needs and when it is required.
  • 5. Financial Goal Contains Two Important Components: goal value time to goal or investment horizon
  • 6. Time to Goal or Investment Horizon Investment horizon typically refers to the length of time an investor expects to hold an investment before selling it. It can vary widely depending on the investor's goals, risk tolerance, and the type of investment. Short-term investors might have a horizon of days, weeks, or months, while long-term investors might hold investments for years or even decades. The investment horizon often influences the choice of investment vehicles and strategies GoalValue The goal value that is relevant to a financial plan is not the current cost of the goal but the amount of money required for the goal at the time when it has to be met. The current cost of the goal has to be converted to the value in future.