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The Financial Planning Process

Today we're diving into the finance industry and discussing the different stages of the financial planning process! These components are usually offered by different segments of the industry.

As we’ve mentioned before in our previous blogs on financial planning, their main function is to assess where you currently stand in terms of your finances, and where you want to be in the future. Financial planning can be useful when you’re making decisions in all aspects of your life. The financial planning process involves a series of steps that outline how best to manage and use your money to achieve your financial goals (see diagram below).


Once you start having a meaningful income that you depend on, you’ll want to protect it with insurance. It was e