Question: The following table lists six principal steps in the process of financial planning. Place these steps in their proper order by inserting the correct nu
The following table lists six principal steps in the process of financial planning. Place these steps in their proper order by inserting the correct nu through in the first column.
Step Number Step in the Process
Develop and implement budgets to control your progress toward your goals.
Define your financial goals.
As your personal circumstances change, redefine your goals and revise your plans and strategies.
Develop and use financial statements to evaluate the results of your plans and budgets.
Implement your financial plans and strategies.
Develop the financial plans and strategies needed to achieve those goals.
Financial goals describe the desired of your financial planning activities. Most financial advisors recommend developing three broad categories of completion dates:
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