Your financial plan is one which chalks out your financial goals and how you plan to achieve them. As the situations in life change, your financial plan also requires regular reviewing and change. Just as how you undergo regular health checkups to review your health and regular service for your vehicle or electronic appliances, your financial plan also needs regular examination. Here are a few reasons on when it becomes important to review your financial plan: Change in financial conditions: The first reason why you should review your financial plan regularly is to reflect any change in your financial conditions - be it internal or external. Sometimes you realise when you review that you have not progressed much towards your goals despite a considerable time having lapsed. This requires you to change your investment plan, and sometimes other goals as well - for instance, you can retire later than you initially planned, or settle to buy a house which is lower in value than what you