"Create your own financial path"
Personal Financial Plan : The purpose behind financial plan is to create abundance of money which will lead to achieve individuals financial goals. Goals can be planing vacation, buying house, child's education marriage etc. Need of PFP: Your blueprint for building and maintaining a strong financial foundation is necessary. Because this plan includes cash flow management, investment, insurances and also it will help to create financial independence. Emergency Funds : Some doors open without prior intimation in our life. What I am trying to say is we can buy car or house, even marry, plan education etc. We can go for them with prior intimation or proper plan. But what about such situations which takes place without intimations such as health issues, job recession and stepping down in business etc. Formula For Emergency Fund : Let's see how we can create our emergency fund.you just have to multiply your monthly income by 6 or 8. The amount you will get after
