The first step in financial planning is to ____________.
A)define one's financial goals
B)set up a budget
C)calculate one's liquidity ratio
D)prepare a trend analysis

Question

The first step in financial planning is to ____________. ​
A)define one's financial goals
B)set up a budget
C)calculate one's liquidity ratio
D)prepare a trend analysis

Quizplus · Accepted Answer

The first step in financial planning is to define one's financial goals. This involves identifying short-term and long-term financial objectives such as buying a house, paying off debt, or saving for retirement. By establishing clear goals, it becomes easier to create a budget and make other financial decisions that align with those goals.

The First Step in Financial Planning Is to ____________