Financial planning is the process of evaluating an individual’s current financial status, determining their long-term goals, and formulating a strategy to achieve those goals. This critical practice involves analyzing income, expenses, investments, and potential risks to create a comprehensive financial plan. A well-executed financial plan not only helps individuals manage their money effectively but also provides a roadmap for future financial success. Professional financial planners play a crucial role in guiding clients through this process and ensuring their financial well-being.
Common Sense Synonym in English
practicality, sound judgment, wisdom, reasonableness, prudence, rationality, sensibleness, logic
Common Sense Synonym in Hindi
व्यावहारिक बुद्धि (Vyavaharik Buddhi)
Common Sense Synonym in Urdu