When it comes to financial planning, there are many reasons people often give for not making a financial plan. They can range from "I don't have any money" type objections to "I don't have any time right now" excuses. But, in today's turbulent financial world, you must be very careful. Many Middle-Class Americans are one month away from living on the street. The perceived security and safety of a job is illusory (just ask any unemployed American).
Why Do You Need Financial Planning?
In short: life requires self-generated, goal oriented action - a plan. This extends to every area of our lives, including financial. The degree of our planning will determine - at least in part - the degree to which we are successful. And, although a financial plan does not guarantee success, it is necessary for it (at least in the long-term).