Answer:
Determining her current financial situation.
Explanation:
Under Financial planning processes, there are 6 major steps, viz
(1) determining your current financial situation
(2) developing financial goals
(3) identifying alternative courses of action
(4) evaluating alternatives
(5) creating and implementing a financial action plan,
(6) re-evaluating and revising your plan.
Sophia Martin is currently on Step 1 as she is currently assessing her balances, which means she is evaluating, gauging and estimating what she earns at the moment.
