Why Do You Need A Financial Plan? Here Are The 10 Good Reasons

March 17, 2022

Many may wonder – “Do I really need a financial plan?” Some feel that saving regularly in bank recurring deposits or Systematic Investment Plans (SIPs) of mutual funds does the job of allocating their savings to investments. However, ad hoc investments lead to inefficient utilisation of your financial resources. Watch this video to know why you too need a financial plan.

In order to become rich, besides salary or business income, you need to make money work for you. This is where prudent financial planning and investing comes to your rescue. A financial plan enables you to construct a road map to achieve all the financial goals and helps to build your contingency fund for any unforeseen needs that may arise.

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