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What are the steps involved in the financial planning process?

Answer 1

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;

1. Knowing your current financial state
2. Coming up with financial goals
3. Determining alternative courses of action
4. Evaluating the alternatives
5. Creating and implementing the action plan
6. Reevaluating and revising the plan