Financial planning is a research area that focuses on helping individuals and organizations manage their finances in order to achieve their financial goals. This typically involves creating a plan that outlines a person's current financial situation, sets goals for the future, and identifies strategies for achieving those goals. Financial planning may cover a wide range of topics, including retirement planning, investment management, tax planning, insurance planning, and estate planning. Researchers in this area often study financial trends, market conditions, and strategies for optimizing financial resources. The goal of financial planning is to help individuals and organizations make informed decisions about their finances in order to achieve long-term financial stability and success.