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Financial planning is still a relatively new field. Only a few decades old, financial planning is the process by which trained professionals help others make decisions about their short-term and long-term financial needs.

Financial planning isn’t fun for most people. It falls into the category with other “musts” of adult life. Still, that’s no reason to approach financial planning as an unwanted chore. Making a good plan is important for your long-term financial health and your peace of mind.
Blogspot: Piaw's Blog - Why Financial Planning is Important

One of the hardest parts of financial planning for many people is building up the resolve to get started. Many folks believe they’ll get around to it "sometime." If you’re one of them, consider how simple the basics of financial planning can be.

Ms.Money: Take Control of Your Money

You can never start developing a financial plan too early. Children can have savings accounts for their money, and young adults can have financial plans as well.

About.com: Financial Advice for Your 20s

After a bad drop in the stock market, many people think they should shy away from stocks. Instead, it’s often prudent to look at financial planning during these times to see if you can make money.

AMEinfo: Financial Planning - When to Start Investing in Stocks Again

Financial Planning Myths

• Financial planning is a one-shot deal. You can make a decision and not consider it again.
• Mortgage interest is good because it’s tax-deductible. The same applies to home equity interest.
• Only people who make a lot of money need financial planning advice.

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