Now that you have read the chapter on financial planning, what do you recommend to Austin for his talk with Rachel on the subject of financial planning regarding?
1. Setting financial goals?
2. Determining what they own and owe?
3. Using the information in Austin's newly prepared financial statements to summarize the family's financial situation?
4. Evaluating their financial progress?
5. Setting up a record-keeping system to better serve their needs?
6. Starting a budgeting process to guide saving and spending?