Financial planning is important for individuals and businesses because it helps them to meet their financial goals, such as saving for retirement, buying a house, or growing a business. It involves creating a budget, setting financial priorities, and making informed decisions about investments and spending. Financial planning also helps to manage risk, ensure financial security, and prepare for unexpected events. By taking a proactive approach to managing their finances, individuals and businesses can make the most of their financial resources and achieve long-term financial stability.
