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DEFINITION OF FINANCIAL PLANNING
KEY COMPONENTS
SETTING FINANCIAL GOALS
SUMMARY IMPOTANCE OF FINANCIAL
PLANNING
BUDGETTING
RETIRMING PLANNING
SAVING AND
INVESTING
INSURANCE
ESTATE PLANNING
2
DEFINITION OF FINANCIAL PLANNING
Financial planning is the process of
setting goals, assessing resources,
and creating a strategy to manage
finances in order to achieve those
goals. It involves analyzing income,
expenses, investments, and other
financial aspects to develop a
comprehensive plan for short-term
and long-term financial success.
IMPORTANCE OF FINANCIAL PLANNING
• Financial Stability
• Goal Achievement
• Stress Reduction
Budgeting
Investments
Savings
Insurance
Retirement
Planning
Estate Planning
Components Of Financial Planning
S M A R
SPECIFIC
Goals should be
clear, precise, and
well-defined,
leaving no room for
ambiguity. They
answer the
questions: What,
Why, and How.
MEASURABLE
Goals should have
quantifiable
criteria, allowing
progress to be
tracked and
measured. This
provides a concrete
way to assess
success.
ACHIEVABLE
Goals should be
realistic and
attainable,
considering
available
resources and
constraints. They
should challenge
but not
overwhelm.
RELAVANT
Goals should align
with broader
objectives and be
relevant to the
overall mission or
purpose. They
contribute
meaningfully to the
larger picture. 6
T
TIME-BOUND
Goals should have a
defined timeframe
or deadline, creating
a sense of urgency
and providing a clear
timeframe for
completion.
Setting Financial Goals
Budgeting
Importance of Budgeting
• Tracking Income and Expenses
• Creating a Spending Plan
Creating a Budget
• Income Sources
• Fixed and Variable Expenses
Budgeting Tools
• Spreadsheets
• Apps
• Software
Saving and Investing
Importance of Saving
• Emergency Fund
• Short-Term Goals
Introduction to Investing
• Types of Investments
• Risk and Return
Retirming Planning
Retirement Goals
• Desired Lifestyle
• Retirement Age
Retirement Accounts
• 401(k)
• IRA
• Pension
Strategies for Retirement
Planning
• Contributions
• Investment Growth
Insurance
Types of Insurance
• Health
• Life
• Property
• Casualty
Importance of Insurance
• Protecting Assets and Income
Estate planning
Estate Planning Overview
• Wills
• Trusts
• Power of Attorney
Inheritance and Legacy
Planning
• Passing Wealth to Heirs
Free Financial Planning PowerPoint Template.pptx
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Free Financial Planning PowerPoint Template.pptx

  • 1.
  • 2. DEFINITION OF FINANCIAL PLANNING KEY COMPONENTS SETTING FINANCIAL GOALS SUMMARY IMPOTANCE OF FINANCIAL PLANNING BUDGETTING RETIRMING PLANNING SAVING AND INVESTING INSURANCE ESTATE PLANNING 2
  • 3. DEFINITION OF FINANCIAL PLANNING Financial planning is the process of setting goals, assessing resources, and creating a strategy to manage finances in order to achieve those goals. It involves analyzing income, expenses, investments, and other financial aspects to develop a comprehensive plan for short-term and long-term financial success.
  • 4. IMPORTANCE OF FINANCIAL PLANNING • Financial Stability • Goal Achievement • Stress Reduction
  • 6. S M A R SPECIFIC Goals should be clear, precise, and well-defined, leaving no room for ambiguity. They answer the questions: What, Why, and How. MEASURABLE Goals should have quantifiable criteria, allowing progress to be tracked and measured. This provides a concrete way to assess success. ACHIEVABLE Goals should be realistic and attainable, considering available resources and constraints. They should challenge but not overwhelm. RELAVANT Goals should align with broader objectives and be relevant to the overall mission or purpose. They contribute meaningfully to the larger picture. 6 T TIME-BOUND Goals should have a defined timeframe or deadline, creating a sense of urgency and providing a clear timeframe for completion. Setting Financial Goals
  • 7. Budgeting Importance of Budgeting • Tracking Income and Expenses • Creating a Spending Plan Creating a Budget • Income Sources • Fixed and Variable Expenses Budgeting Tools • Spreadsheets • Apps • Software
  • 8. Saving and Investing Importance of Saving • Emergency Fund • Short-Term Goals Introduction to Investing • Types of Investments • Risk and Return
  • 9. Retirming Planning Retirement Goals • Desired Lifestyle • Retirement Age Retirement Accounts • 401(k) • IRA • Pension Strategies for Retirement Planning • Contributions • Investment Growth
  • 10. Insurance Types of Insurance • Health • Life • Property • Casualty Importance of Insurance • Protecting Assets and Income
  • 11. Estate planning Estate Planning Overview • Wills • Trusts • Power of Attorney Inheritance and Legacy Planning • Passing Wealth to Heirs