The Process of Financial Planning in Personal Finance

Abstract

The process of financial planning is not an event separate from situations of individuals, but an evolution in predictable and unexpected situations; The planning process should take into consideration: the constant changes that occur in our lives, our resources and financial decisions.

This study claims to be a turn towards building a budget, how to save with payments,how to preserve more money for our welfare, etc. stable financial conditions.Good financial planning and maintaining financial stability will also help to prevent the financial crisis, which many cases are associated with social consequences without adjustingfor example: divorces and other consequences that distort the normal continuation of a healthy family or an individual personality unconditionally by phenomena not rationally acceptable.The financial plan of a family needs for consistency, because in this way the family will not face financial problems.Following effective management of personal income, the amount of Albanian families will be able to reach perhaps not a luxurious life, but would have a greater financial stability, more security.