After tracking your cash inflows and outflows, Categorise your expenses into fixed and variable costs, and look deep into options to reduce your costs. prepare your personal financial statements (Personal balance sheet and cash flow statement) and investment policy statement Comment on your spending habit. Create your budget, and link that to your SMART goal (Retirement). Discuss your investment and asset allocation plans that help you achieve your goal. Explain your risk management plans

Answer rating: 100% (QA)

As an AI I dont have access to personal financial data but I can provide guidance on how to prepare personal financial statements and discuss financia... View the full answer