- Financial planning is how one uses the funds one has to keep things running well and make more income. The basic purpose of all financial planning is to increase the wealth and assets and value of assets of the company and the general well-being and security of all of its members and so contribute to the purposes and activities. It in essence is sensible allocation of funds on necessities and planning of future expenses. (Admin Dictionary)
- The way you lay out money sensibly within the limits of the money available in order to keep things going well and make more money. It consists of what to spend money on per division of an organization and what bills to pay according to dateline paying. The basic purpose of all financial planning is to increase the wealth and assets and value of assets of the company and the general well-being and security of all its members and so contribute to its purpose and activities. In essence, it is the sensible allocation of funds on necessities and the planning of future income and expenses; the way one lays out money sensibly within the limits of the money available in order to keep things going well and make more money.
EXAMPLES:
- When you do financial planning you always want to make sure to invest in what will make more money.
- Wasting money in unproductive things is not correct financial planning.
