Why Financial Planning
Nowadays financial pressures are a leading cause in all forms of mental and physical sickness from depression and stress to substance abuse and suicide. There are hundreds of reasons why we are stuck in financial problem. It’s a result from our bad attitude about money, wrong money management or living in debt to pursue a lifestyle of materialism as the rich just to name a few. The only simple and logical answer for this is you don’t have a proper financial planning. Trust me.
Our attitude about money and the way we handle it serves as an excellent indicator of our level of commitment in financial planning. Money can buy things and experiences that bring temporary pleasure, but it can never buy the peace and contentment that are the by-products of freedom.
Anyone can have financial order in their lives by simply deciding to live a disciplined life in accordance with a wise budget plan. By following a logical step-by-step plan, minimizing debt, and being cautious of emotional and impulsive spending, anyone can get control of his finances.
Our attitude about money and the way we handle it serves as an excellent indicator of our level of commitment in financial planning. Money can buy things and experiences that bring temporary pleasure, but it can never buy the peace and contentment that are the by-products of freedom.
Anyone can have financial order in their lives by simply deciding to live a disciplined life in accordance with a wise budget plan. By following a logical step-by-step plan, minimizing debt, and being cautious of emotional and impulsive spending, anyone can get control of his finances.
Every family needs a written plan (budget) for how they are going to spend their money, especially those who think they don't. It is impossible for you to efficiently manage your finances without a written plan.
We must responsible to provide safety for our family. Planning is a critical part of that process. Although the leader is responsible, it is vitally important that the decisions required to be made in the development of the budget plan be made by those who are going to have a part in making the plan work. We can relate building a tower to living one month; one year; etc.
Without a written plan, the outcome of our months, years, or our entire life is at best, a guess. A Plans must be flexible but visible. That is the rule.
A written financial plan for the family (budget), allows you to be able to carefully consider and track the “goings” of your money. Without a written plan you become a “responder”; one who reacts rather than controls (Those who fail to plan are planning to fail).
Again remember this, to make sure the plan working; those who involved in its design should have an active part in its executing.
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