“FAILING TO PLAN IS PLANNING TO FAIL” Financial planning is planning which deals with money. Personal financial planning refers to the proper planning and implementation of well-coordinated plans to achieve financial objectives. The savings and investments made today should match the future goals. Every human being is interested in leading a ‘Happy Life’ as long as he lives. Happy life would mean having some goals to be achieved and possessing sufficient money to attain those goals. Personal Financial Planning helps one to lead a happy life by planning one’s goals, the process required to achieve the goals, the timing of the investments, and the class of assets to be invested in. In India, the knowledge of personal finance is very poor at all ages. People are not aware of such a concept and whatever they learn is from observing what their parents or friends do. Financial education and awareness from an early stage would definitely help in increased fiscal responsibility being taken by the young citizens of India and also result in wise spending and improved savings and investment for the economy.