Why Having a Financial Plan is Important

Have you ever gone to the airport with your bags packed and boarded a plane without having any idea where it is going? As much as we might miss air travel now, it is unlikely we would board without knowing the destination. It is hard even to pack properly without knowing where we are headed, or for how long. The same applies to our finances. We need to know where we are going before making decisions about how we are going to get there.