There are a few limitations to financial planning, such as:
1. The whole plan is based on a mere forecast of conditions in the future.
2. Once you have prepared your detailed financial plan, it becomes very difficult to make changes.
3. The assets associated can be purchased with huge capital. Other costs incurred include the raw material and labour.
4. Usually, the main reason for the difficulty in changing the financial plan for a company is non-cooperation from the management.