How Financial Planning Helps You Do Better

Making a financial plan doesn't necessarily seem like the most fun thing to do. After all, budgeting can be tedious and can feel restrictive. And while setting goals is enjoyable as you envision what you can do with your money, deciding how much to actually save for retirement and other objectives often means making tough choices.

But while you may dread the process of financial planning, you're almost surely going to like the results. That's because a recent Schwab study found that people with financial plans just do better with many aspects of managing their money. When you're able to improve your situation through careful planning, this can eliminate a lot of stress and help ensure you're setting yourself up for future success.

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Source Fool.com