Steps to Financial Planing [Infographic]

Whatsapp Tweet Messenger reddit Email

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..