Financial goal planning refers to the process of creating a financial plan to help you reach your financial objectives. It involves setting specific, measurable, achievable, realistic, and time-bound (SMART) goals, and then developing a plan to achieve them.
Financial goal planning is important because it provides a roadmap for your financial future. It helps you to identify your financial goals, prioritize them, and develop a plan to achieve them. By following a financial plan, you can increase your chances of achieving your financial goals and living the life you want.