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Look Financial Goals You should periodically analyze your trying values and goals. Now anyone with aspects can perform their own detailed investment fraud benchmarking analysis. Personal finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.
Personal financial planning process.
six steps in financial planning process-determine current financial situation-develop financial goals-identify options-evaluate alternatives PERSONAL FINANCE I CHAPTER 1 PERSONAL FINANCIAL PLANNING. 47 terms. Personal Finance Ch. 1. 33 terms. Personal Finance Planning. OTHER SETS BY THIS CREATOR.
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What does Step 1 of the Personal Financial Planning Process include? What are the six financial accomplishments that may result from studying personal finance. Personal finance may involve paying for education, financing durable goods such as real estate and cars, buying insurance, e.g.
health and property insurance, investing and saving for retirement. Personal finance may also involve paying for a loan, or debt obligations.
The six key areas of personal financial planning, as suggested by the Financial Planning Standards Board, are. The first step of the financial planning process is to: A. develop financial goals. B. implement the financial plan. C.
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