Financial Planning Worsheet Week 1 Essay
Personal Financial Planning Worksheet
Based on your readings and discussions in class this week, answer the following multiple choice questions.
1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called? B
a. developing goals b. personal financial planning c. collecting financial information d. personal finance
2. Which of the following is not one of the five major steps of the financial planning process? C
a. Analyze your current finances. b. Establish and implement your plan. c. Collect and organize your financial information. d. Reevaluate and revise your plan as needed.
3. Which …show more content…
8. The economy is unpredictable and can affect your personal financial planning. List one factor in economic conditions that may affect your financial future. How could you reduce the impact of that factor on your finances? One factor that would affect my financial future would have to be being without a job and this would reduce the impact on my finances because I would have to set up a