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..