Financial Planning Process.........

[jiten702]

The Financial Planning Process consists of six steps, using which, you can work out where you are now, what you may need in the future and what you must do to reach your goals.

Step 1: Determine Your Current Financial Situation
Step 2: Develop Financial Goals
Step 3: Develop financial planning alternatives
Step 4: Evaluate Alternatives
Step 5: Create and Implement a Financial Action Plan
Step 6: Re-evaluate and Revise One's Plan

Financial planning, especially at an early age can help to give your life focus and help you to achieve your goals in life. So, start your financial planning today and fulfill all your dreams & goals of life without any hassles.

[amitkum]

Great informative post , a brief elaboration of each points could have been better.

[wringle]

I have a college assignment to but really stuck on a question, so any help would be great. the exact question is

describe the main elements of the financial planning process in an engineering business and the sequence in which the planning takes place.

you can ignore the engineer bit if you want to - just a general idea to help me out would be good and ill incorporate the engineering bit later


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[jessiccarobertt]

Definitely nobody can ignore the importance of financial planning. Thanks for sharing these six steps. Certainly with the help these steps you can work out where you are now, what you may need in the future and what you must do to reach your goals.
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