Define the financial planning process. List the elements of a good financial plan.
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- Define the financial planning process.
- List the elements of a good financial plan.
Step by step
Solved in 2 steps
- financial planning step give an example of Create and implement your financial action plan.Examine the economic environments influence on personal financial planning.Which of the following statements constitutes a definition of a financial plan? Group of answer choices Results that an individual wants to attain 2. A roadmap for achieving financial goals 3. Redefining your financial goals 4. Setting a goal date
- Explain the goal of financial managementWhat is financial planning and why is it important? Discuss briefly the financial planning process.Choose the correct option A major activity in the planning component of financial planning is: a. selecting insurance coverage b. evaluating investment alternatives.c. gaining occupational training and experience. d. allocating current resources for spending e. establishing line of credit