I was cleaning my gmail inbox and found an interesting infographic from Axis Bank.
The infographic talks about 8 steps necessary for financial planning.
The financial plan is one of the most important plans where you strategize for yourself. The 8 steps in the infographic can also help you in formulating your own financial plan which are:
- Goal Planning: Identifying and prioritizing goal.
- Investment planning: Define how much you save and invest.
- Insurance: Get yourself insured. Preferably a term plan!
- Planning for future: Retirement planning
- Tax planning and saving. Investing in instruments which help you save some tax.
- Estate Planning! One of the most important things for which most of the people plan.
- Preparing a Financial Plan and reviewing it often!
Check out the infographic below for more:
Do comment and share your thoughts on the same..