The major function of a financial plan is to

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The major function of a financial plan is to achieve financial goals. A financial plan is a comprehensive statement of an individual's current financial position, long-term goals, and strategies for achieving those goals. The plan takes into account an individual's income, expenses, assets, and liabilities to develop a road map for achieving their goals, such as retirement, buying a home, or saving for their children's education. While reducing taxes, increasing savings, improving credit ratings, and obtaining adequate insurance protection are all important components of a financial plan, its primary function is to help individuals achieve their financial goals.

The Major Function of a Financial Plan Is to