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FINANCIAL PLANNING
SUBMITTED TO
PROF. JYOTSNA KUMARI
PRESENTED BY
ABHISHEK RANJAN
FINANCIAL PLANNING
Financial planning is the process of achieving your life goals by
using different investment options with your current resources
through proper and disciplined money management. So
Financial Planning is not only about money, but it is all about
life, about fulfilling your wishes, dreams, aspirations and your
enjoyment in achieving them.
There are three major components in the
Financial Planning process:
Current Resources (CR)
Investment Options (IO)
Financial Goals (FG)
Financial Planning: CR + IO = FG
Six steps of Financial
Planning
SAVINGS
LOANS
INSURANCE
INVESTMENT PLAN
TAX PLAN
RETIREMENT PLAN
1.SAVINGS
Saving is income not spent, or deferred consumption.
Methods of saving include putting money aside in, for
example, a deposit account, a pension account, an
investment fund, or as cash. Saving also involves reducing
expenditures, such as recurring costs.
2. LOANS
In finance, a loan is the lending of money by one or more
individuals, organizations, or other entities to other
individuals, organizations etc.
3. ISURANCE
Insurance is a means of protection from financial
loss. It is a form of risk management, primarily
used to hedge against the risk of a contingent or
uncertain loss.
4. INVESTMENT PLAN
5. TAX PLAN
Tax planning is the analysis of a financial situation or plan
from a tax perspective. The purpose of tax planning is to
ensure tax efficiency.
6. RETIREMENT PLAN
 Retirement planning is the process of
determining retirement income goals and the
actions and decisions necessary to achieve those
goals.
Financial planning

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Financial planning

  • 1. FINANCIAL PLANNING SUBMITTED TO PROF. JYOTSNA KUMARI PRESENTED BY ABHISHEK RANJAN
  • 2.
  • 4. Financial planning is the process of achieving your life goals by using different investment options with your current resources through proper and disciplined money management. So Financial Planning is not only about money, but it is all about life, about fulfilling your wishes, dreams, aspirations and your enjoyment in achieving them. There are three major components in the Financial Planning process: Current Resources (CR) Investment Options (IO) Financial Goals (FG) Financial Planning: CR + IO = FG
  • 5. Six steps of Financial Planning SAVINGS LOANS INSURANCE INVESTMENT PLAN TAX PLAN RETIREMENT PLAN
  • 6. 1.SAVINGS Saving is income not spent, or deferred consumption. Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recurring costs.
  • 7. 2. LOANS In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc.
  • 8. 3. ISURANCE Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
  • 10. 5. TAX PLAN Tax planning is the analysis of a financial situation or plan from a tax perspective. The purpose of tax planning is to ensure tax efficiency.
  • 11. 6. RETIREMENT PLAN  Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals.