Different people and cultures believe different things for the answer to this question. The meaning of life as we perceive it is derived from philosophical and religious contemplation of, and scientific inquiries about existence, social ties, consciousness, and happiness.
A long-term financial plan should include these elements. Time Horizon. A plan should look at least  five to ten years into the future. Scope. A plan should consider all appropriated funds, but especially those funds that are used to account for the issues of top concern to elected officials and the community. Frequency.
Except for simple interest mortgages, the accounting for amortized home loans assumes that there are only 12 days in a year, consisting of the first day of each month, with accounting beginning on the first day of the month following the day the loan closes, and the first monthly payment due the firset day of the month after that.