The More Money Less Stress Approach to Personal Finance Planning  Weve searched the whole www, and looked at a lot of books to glean out the finest advice on Personal Finance Planning. Here you'll find a simple, common sense approach to Financial Planning that is easy to use and remember. Ours is the collective wisdom of many planners and experts summarized and distilled down to the simplest essence for you.  Obviously, we call it the More Money, Less Stress Approach to Personal Finance Planning. Types of Financial Planning There are essentially 4 main areas of financial planning. The first 3 are covered by us but the last is not. If you need more help with any of the financial planning areas below, please contact the financial planners listed on our site  : 1. Insurance Planning : This protects you and your family from extreme financial hardship in the event of any misfortune. As your life situation changes (e.g. when you get married, your kids get older etc), it is worthwhile to revisit your insurance plan, just to be sure that it covers the additional needs in your life.  2. Investment Planning : This is the proper allocation of your excess cash and savings in the right investment instruments to help you achieve various goals in life, such as buying a house, college education, starting a family and so on. The typical investment instruments which Singaporeans use are equities, unit trust, property, insurance and fixed-interest products. 3. Retirement Planning : CPF alone is not enough for retirement because a large part of it would have been used for the purchase of property. Inflation also eats up the real purchasing power of your CPF savings. Retirement planning involves projecting income growth, estimating the returns of certain investment instruments, planning the amount required to maintain a certain lifestyle after retirement, and so on. This is to be sure that your lifestyle will not suffer greatly once your income stops. 4. Estate and Succession Planning : This involves the allocation of your assets and its implications on taxes, and how you wish to have them transferred or allocated to other parties. Wills, trusts, gifts and other means of estate dutiable items are analyzed. Lawyers and accountants typically feature greatly in these plans. Next : Objective of Financial Planning