A substantial amount of research has shown that financial planning is one of the keys to happiness. According to the research, it seems that being able to properly plan out your finances for the future and make everything work out is a key aspect to feeling happy and secure. Money doesn’t cure all problems, but it does cure a large number of them up to a certain point.

The sweet spot appears to be the upper middle class. Those who make more money than that end up with different problems, and many studies have reported that people don’t find more money than that generally makes them happier. But it’s certainly true that making less money than that, especially considerably less money.

Good financial planning allows you to save up to buy a house, for example. It allows you to buy a new car, or any new commodity that you don’t currently have the funds to purchase. It can allow you to afford to retire in some few decades as well. Those who don’t focus properly on financial planning will always regret it later. It’s important to save properly in times of plenty for when times get hard again in order to not just survive in that future date, but thrive despite it, and come out the other side strong.

But even more than that, financial planning allows you to live well now. You can figure out what you can afford and what you can’t, so you don’t accidentally spend more money than you have on extra luxuries, and end up not having enough money for things that are considerably more important, like food, shelter, medical expenses and so on. Financial planning is the key to success in your life regardless of what you’re doing or what you’re situation is. It can even help you find extra money that you didn’t realize you had access to by maximizing your accounts and the way you spend and earn your money. So even if you are in poverty, good financial planning can help bail you out to a certain degree.

Overall, there is no one who can’t benefit from good planning. Regardless of whether you’re in the middle class, you’re in the upper class, or you are completely poor, financial planning can help you keep more money than you would otherwise, and properly plan for a bright feature no matter what you end up doing with your life or what you want out of it.