Personnal Financial Essay
PERSONAL FINANCIAL PLANNING IN ACTION
Developing a Personal Financial Plan
Go to www.wiley.com/college/bajtelsmit to assess your knowledge of developing a personal financial plan. Determine where you need to concentrate your effort.
What You’ll Learn in This Chapter
▲ Personal financial planning and decision-making strategies ▲ Factors that influence financial planning ▲ The stages of successful financial planning
After Studying This Chapter, You’ll Be Able To
▲ ▲ ▲ ▲ List the five steps in the personal financial planning process Examine the factors that influence personal financial planning decisions Begin to construct a comprehensive financial plan …show more content…
People who have their finances in order gain important social and psychological benefits as well. Generally, they feel less stressed and experience improved
1.1 THE PERSONAL FINANCIAL PLANNING PROCESS
S te p 2. D e v e l o p g o a ls.
. S te p 1 rrent yo ur cu a l y z e n c e s. An na fi
Step 3. Identify and evalu ate strategies to achie ve your goals.
Step 4. Estab implem lish and ent y our plan .
Step 5. Reevaluate and