Question: 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

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?

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1 It is clear that Austin and Rachel have a number of financial goals Each goal should be made specific by determining the dollar amount of the goal its target date and the amount needed to be saved e... View full answer

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