These 3 most Basic Needs are something many take for granted. But these 3 items must be accounted for first in any financial plan or budget.
According to Abraham Maslow, these physiological needs must be achieved and fulfilled first, in order to pursue intrinsic satisfaction on a higher level.
There are of course, other needs that may be classified as basic today. Transportation is a good example. Once we move past the basics, we can begin to plan.
5 Steps in Financial Planning
Assessment, Goal Setting, Plan Creation, Plan Execution, Monitoring & Reassessing Your Plan
Finance is the science of funds management. The field of finance deals with the concepts of time, money, risk and how they are interrelated. The general areas of finance are business finance, personal finance, and public finance. Finance includes saving money and often includes lending money. It also deals with how money is spent and budgeted.
"Retirement Planning is a hot topic as the baby boomers age. It's something we can assist you with. Particularly with items like projecting after-tax income, budgeting, minimizing taxes in retirement years and optimizing retirement income."