Imagine if you planned to save Rs 25 lakhs for child's marriage but you end up with just Rs 5 lakhs only with a year to go for the marriage? Caught on the wrong foot, you will now borrow money possibly via personal loans or through other available sources.
A review of your financial plan and its progress is a review of whether you are on track to reach your aspirations or goals in life smoothly. It is practically impossible to assume that you will be able do it without any manual intervention.
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Hemant Beniwal,
Certified Financial Planner
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