Financial planning is very important because it’s sets a priority of where money will be spent. Prioritizing needs over wants allows for a successful future and less financial instability.
Not financial planing properly may allow your credit score to drop, ultimately costing more money with higher interest rates and less money to spend on leisure and important bills.
Professional development opportunities during budget planning is money set aside for education or catastrophic emergencies. Expecting the unexpected and properly being proactive is better than being reactive and scrambling for assistance.