Financial planning is a process of creating a roadmap to achieve your financial goals. It can be done on your own or with the help of a professional . A financial plan should include details about your cash flow, savings, debt, investments, insurance, and any other elements of your financial life .
trategic financial planning is the process of determining how to achieve short- and long-term financial objectives. It involves assessing current resources, costs, and budget; defining the long-term direction of the corporate finance function; and articulating what finance will do to deliver on goals for growth and innovation .
In summary, financial planning is about creating a roadmap to achieve your financial goals, while strategic financial planning is about determining how to achieve short- and long-term financial objectives..