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That is entirely subjective.

Planning your finances allows you to have a clear definition what you need to do to produce positive financial results. By outlining your expenditures and assets you can make better financial decisions.

Not planning finances is like driving through a city you've never seen before in a country you've never been without any idea of where your going or how your going to get there.

Planning itself though, does not guarantee positive results. You must also be diligent in your savings and intelligent in your financial investments.

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12y ago

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Related Questions

How can financial planning lead to financial performance or success?

For individuals and institutions financial planning instills discipline with the finances of the entity and ensures commitment to the financial objectives of that entity. Financial planning gives you the opportunity to sit down and look at every source and potential use of funds, so you can decide how best to take advantage of the relationships that exist between them to meet your needs. This is more likely to produce positive results than looking at each item independently of the others. On that note, I can say that just about everyone uses financial planning, and the many steps involved in it such as forecasting and budgeting. Just because you haven't got one written down yet doesn't mean you haven't got one or fail to see the need for one.


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This guilt can cause them to confess


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Yes, a positive variance is generally considered favorable in financial and performance analysis. It indicates that actual results are better than expected, such as higher revenues or lower costs than budgeted. This can lead to increased profitability and improved overall performance for an organization. However, context matters, as not all positive variances are beneficial in every situation.


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On what?