India, March 22 -- justify;">The financial year-end is a good time to reflect on what worked well this year and what did not go as planned. It is also a good time to look ahead and plan for the upcoming financial year and beyond. In this article, we will understand how an individual can conduct an annual review of their comprehensive financial planning, which includes reflecting on the past financial year and planning for the upcoming financial year.

You can start by preparing two financial statements: Net worth and cash flow as of FY 2025. A net worth statement lists all the assets that you own and the liabilities that you owe others. Assets can include a house, other real estate, a vehicle, gold, shares, mutual funds, bank deposits and...