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What are the steps involved in the financial planning process?
1 answer:
Answer:
The steps:
- Establishing your current financial state
- Collecting the desired goals
- Analysis of any alternatives
- Develop the alternatives
- Implement the action plan
- Review the plan
Step-by-step explanation:
The steps involved in financial planing are;
- Knowing your current financial state
- Coming up with financial goals
- Determining alternative courses of action
- Evaluating the alternatives
- Creating and implementing the action plan
- Reevaluating and revising the plan
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