Financial Planning Month is celebrated throughout October. As the name suggests, Financial Planning Month is focused on helping people to relook their prior investments and finances and ensuring we are ready to enter the new tax season with a secure, sensible, and risk-free plan. The first Wednesday in the month of October is also celebrated as Financial Planning Day. Financial Planning Day 2023 will be celebrated on October 4. Financial Planning Month is also perfect for those looking to finally understand more about the world of finance and take control of their own investments. As we enter Financial Planning Month 2023, here is everything you need to know about this observance, how to mark Financial Planning Month, and a few things everyone needs to know about personal finance and financial planning. How To Plan Your Investment for the Future and Grow Your Finance.

When is Financial Planning Month 2023?

Every year, October is marked as Financial Planning Month. The reason October is chosen for this is that it allows people to plan better for the upcoming Holiday season without making any miscalculated and expensive choices that can push one into debt. The holiday season is often the time for maximum spending, especially for people in Western countries. Due to this, the celebration of Financial Planning Month in October serves as a timely reminder for people to know their current finances and budget for the upcoming holidays accordingly. Saving Money Requires a Plan! Make Yours Now.

Significance of Financial Planning Month

More often than not, we shy away from understanding our financial portfolio by citing it as confusing or boring, it is always better to have a complete understanding of where your money goes. The celebration of Financial Planning Month 2023 is going to help people do just that. This observance also helps us to analyze how our past choices have benefited or harmed our financial portfolio and make any necessary changes.

While most people only focus on growth-centric funds, Financial Planning Month is also a great time to reassess your insurance and protection plans to make sure the covers you currently have continue to suffice your growing and changing families. Here’s wishing everyone a Happy Financial Planning Month 2023!

(The above story first appeared on LatestLY on Oct 01, 2023 03:45 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).