How do your financial goals fit into your financial plan? Why should goals be realistic? What are three time frames for goals? Give an example of a goal for each time frame.
Answer to relevant QuestionsHow do your current financial position and goals relate to your creation of alternative financial plans? What are the six key components of a financial plan? At the beginning of the year, Arianne had a net worth of $5,000. During the year she set aside $100 per month from her paycheck for savings and borrowed $500 from her cousin that she must pay back in January of next year. ...When does your net worth increase? Will the purchase of additional assets always increase your net worth? Why or why not? How do you assess the accuracy of your budget? How can finding forecasting errors improve your budget?
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