Financial planning is a process based on what each person considers most important based on his or her values and goals.

A financial plan is really a coordinated series of plans that begins with goals and objectives reflecting values, attitudes, lifestyle circumstances, needs, and wants. The process helps individuals develop and implement financial moves to reach financial objectives.

Decision making is a very important aspect of the financial planning process. It is the key element in making choices about how to use limited resources to accomplish goals.