Steps to Financial Planing [Infographic]

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.. 

3 comments… add one
  1. chandan July 19, 2013, 5:36 am

    image is missing

    1. chirag July 20, 2013, 2:00 am

  2. Michael August 8, 2019, 12:00 am

    I think it’s smart


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