The second step of the financial planning process is to
A)develop financial goals.
B)implement the financial plan.
C)determine your current personal and financial situation.
D)evaluate and revise your actions.
E)create a financial plan of action.

Question

Quizplus · Accepted Answer

The second step of the financial planning process is to determine your current personal and financial situation. This includes assessing your income, expenses, assets, debts, and other financial factors. Only after understanding your current situation can you create effective financial goals and develop a plan of action.

The Second Step of the Financial Planning Process Is to