’Financial Planning’ is a road map that will guide you as a guide and follow him towards finding a treasure of financial regulation, known as d. Abdulkarim Bakkar planning as: ’cognitive effort of the human mind in the perception of the situation and the possibilities present; in order to put in clear programs in order to reach a specific goal and to meet the future conditions.’
The importance of planning is that it works to determine your goals and determine your actual needs. It motivates you to live according to the material resources available to you, and also helps to develop your thinking and direction for the better. This leads to the proper methods of saving, investment and consumption according to a specific methodology. Any emergencies or financial crises resulting from sudden circumstances.

Life planning is different than traditional financial planning because the focus is more about who you are and who you want to be than it is about money.

Unlike people engaged in the traditional planning process, people engaged in the life planning process don’t look ahead to figure out how to maintain their current lifestyles in retirement. Instead, they look at how to change their current lifestyle to achieve the lifestyle of their dreams.
If your goal is to trade in your spot in cube city for a spot behind the counter at your own bakery, that’s another thing entirely.