GOAL BASED PLANNING

Goal Planning is the first step in successful goal achievement. It marks your first point toward success your vision.Goal planning is the process of setting specific objectives that you want to achieve in the future and creating a plan of action to make those objectives a reality.

Your goals will influence every financial decision from the asset class to invest, tenure of investment, etc. Financial goal setting involves a series of actions, from deciding your investing goals to actively taking and executing financial decisions to achieve your goals.

Benefits Of Goal Based Investment Planning

1

Disciplined Investment

Goal-based investing encourages disciplined investment through monthly SIPs, periodic portfolio rebalances, etc. 

2

Limit Debt Usage

As you plan for your financial goals in advance, you can limit your debt usage which you would have used for annual vacations, purchasing a vehicle, home investment, etc.

3

Tax Planning

Holistic tax planning is one of the outcomes of goal-based investments. As you plan for 80C deductions in advance, you can avoid making random and hasty investments just for the purpose of saving tax.

4

Planning & Saving

With goal-based investing, you can keep a close watch on every small and big expense which helps in increasing your savings as you continue to reduce non discretionary spending.

5

Financial Safety

Through goal-based investing, you can plan in advance and attain financial security for your future.

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