Personal financial planning is closely linked with money matters. in generic life cycle,a person has different stages from earning money to multiply money. Large portion of income goes towards buying comforts and stabilize in early working life till age 30"s.During 30's to 50's money is saved and invested by which,additional income generates by way of returns on savings and investments.The source of income during this period is make money and multiply money. Around age 60's when people stop working and retire,the only source of income is money works for you.This transformation in source of income is possible by better money management.