Question

list some methods of finacial planning that can save money when paying taxes

Answer 1

Few useful methods of financial planning which helps in saving money while paying taxes:

• Cash flow management
• Investment
• Saving up

Cash flow management:

The foremost way to save money starts with managing the cash flow. One needs to know the way how the cash inflows and outflows during a period of time. This helps to reduce unwanted expenses and losses.

Investment:

The best method of financial planning is an investment. Investment helps in reducing tax payments and nvesting in the right medium will helps to fetch more revenue in the future.

Saving up:

Savings plays a vital role in every individual's life. The savings will helps more in uncertain and unavoidable situations. Thus, it is the most important method of financial planning.