Financial Planning and Goals is a necessary skill that everyone should have at some level. It is a process rather than a product, and aims to coordinate an individual’s financial needs in a holistic and controlled manner, with the ultimate goal of creating a long-term plan that will benefit the ‘client’. It is a continuous process that changes and adapts according to the client’s needs and wants.

The term was first introduced in America in the late 1960s by a small group of people from the broader financial sector, who all shared common vision and concerns for the future of their work and the need for a better provision of services to their clients. This initiative, starting from the aforementioned movement, created a profession. Today it is an institution that has demonstrated spectacular results for both clients and financial advisors who apply this method.  It has already been placed among the top professions in terms of prestige. That shows the need for planning and the general demand for it.

In this module, the importance of financial planning and goals will be analyzed along with the numerous benefits that come with. The module will delve into the financial planning and goals and describe the importance of it and the advantages that this process provides. Moreover, the evaluation of the current financial situation will be analyzed, the financial environment and eventually a guide on how to create your own financial plan.