Money Sense, Getting Smart With Your Money
What do you do when you want to get somewhere? You probably ask yourself What is the best way to get there? Will there be traffic jams? Is it better to take the LRT or bus, or should I get someone to drive me there instead? There are therefore many options open for you to choose from. To get the best option, evaluate the ones available to you. Think about what you need to do, ask yourself questions and then make your decision. These are steps in the process that is known as planning. Planning can be for the short- term, medium-term or long-term. It is the same in financial planning, except that the time frame is over a longer period. Ideally, you should be looking as far ahead as your retirement years.