Trends, practices and outcomes of present positioning of financial planning and its future directions

Abstract

Whether you consider a household or a corporate, financial planning is must as it assists in achieving financial goals, managing funds, and maintaining financial solvency. The paper summarizes a descriptive and analytical approach of research study on the awareness and importance of financial planning, investment planning of people, their financial goals and how do they plan to achieve them. The research was carried out on a convenience sampling method where the respondents were asked about their current income, number of dependents, and their saving and Investment pattern which leads to financial planning as whole.