Common Mistakes in Financial Planning:

The following are some of the common mistakes made by consumers in their approach towards Financial Planning : They,

• Do not set measurable goals.
  
• Make a financial decision without understanding its effect on other financial issues.
  
• Confuse Financial Planning with investing.
  
• Neglect to the re-evaluation of their Financial Plan periodically.
  
• Think that Financial Planning is only for the wealthy.
  
• Think that Financial Planning is for when they get older.
  
• Think that Financial Planning is the same as retirement planning.
  
• Wait for a money crisis to begin Financial Planning.
  
• Expect unrealistic returns on investments.
  
• Think that using a Financial Planner means losing control.
• Believe that Financial Planning is primarily tax planning.