A financial plan is an organized method of setting and achieving long-term and short-term financial goals. It involves analyzing current income and expenses, setting financial targets, and developing strategies to achieve those goals. Creating a financial plan should take into consideration budgeting, saving, investing, estate planning, retirement planning, education planning and insurance decisions. Financial planning will help you best prepare and manage your finances in order to meet your financial objectives while providing peace of mind that your family’s needs are taken care of.