Answer:
1. It will help you get out of debt
2. It gives you a piece of mind, which is being more smarter than you already are
3. It would help you develop a abundance mindset
4. When you plan with a purpose and manage your money effectively, you will actually have REAL money, if that makes sense
5. You will have higher savings rates for retirement
Step-by-step explanation:
In my opinion, there are no disadvantages of financial planning. When you give every dollar a purpose and a mission, your attitude towards money will change and you’ll find yourself becoming more intentional with your decisions.