Your "why" of financial planning is your personal reason for wanting to improve your financial situation. Everyone's "why" is different and can be shaped by various factors, such as your values, goals, and life experiences.
Here are some common "whys" that people have for financial planning:
Financial Security: You may want to achieve financial stability and security so that you can cover your basic needs, take care of your loved ones, and be prepared for unexpected emergencies.
Freedom and Flexibility: You may want the freedom to make choices about your life without being limited by financial constraints. For example, you may want to have the flexibility to take time off work, travel, or start your own business.
Future Goals: You may have specific financial goals, such as buying a house, saving for your children's education, or retiring comfortably. Achieving these goals requires careful financial planning and management.
Sense of Confidence: You may want to reduce financial stress and anxiety by having a clear financial plan that helps you manage your money effectively.
Understanding your "why" of financial planning is important because it can motivate you to make meaningful changes in your financial life. It can also help you stay focused on your goals and make decisions that align with your values and priorities.