Question and answer
1. How can using personal financial planning tools help you improve your financial situation? Describe changes you can make in at least three areas.
We all make hundreds of decisions each day. Most of these decisions are quite simple and have few consequences. Some are complex and have long-term effects on our personal and financial situations. [ The financial planning process is a logical, six-step procedure: (1) determining your current financial situation (2) developing financial goals (3) identifying alternative courses of action (4)
evaluating alternatives (5) creating and implementing a financial action plan, and (6) reevaluating and revising the plan. Step 1: Determine Your Current Financial Situation In this first step of the financial planning process, you will determine your current financial situation with regard to income, savings, living expenses, and debts. Preparing a list of current asset and debt balances and amounts spent for various items gives you a foundation for financial planning activities. Step 2: Develop Financial Goals You should periodically analyze your financial values and goals. This involves identifying how you feel about money and why you feel that way. The purpose of this analysis is to differentiate your needs from your wants. Specific financial goals are vital to financial planning. Others can suggest financial goals for you; however, you must decide which goals to pursue. Your financial goals can range from spending all of your current income to developing an extensive savings and investment program for your future financial security. Read more at ]
Expert answered|Maribeth|Points 110|
Question
Asked 8/9/2013 7:09:36 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Discuss the reasons for the changes in your goals and how you’ll need to adapt your financial plans as a result.
Weegy: Once your business is established and running well, you may be inclined to let things continue to run as they are. However, it's actually time to plan again. [ After the crucial early stages, you should regularly review your progress, identify how you can make the most of the market position you've established and decide where to take your business next. You will need to revisit and update your business plan with your new strategy in mind and make sure you introduce the developments you've noted. This guide takes you through this essential process, detailing the stages you should go through to assess how well your business is performing, highlighting your strengths and areas that could be improved and suggesting the actions you need to take to implement the improvements that you've identified. ] (More)
Question
Expert Answered
Asked 8/9/2013 7:55:01 AM
0 Answers/Comments
18,443,108 questions answered
Popular Conversations
Simplify 7 - (-4) + 3(-6). -7 7 -9 9
Weegy: 7 - (-4) + 3(-6) = -7 User: Evaluate 3|-3|. -6 6 9 -9 Weegy: 7 - (-4) + 3(-6) = -7 User: Evaluate ...
11/24/2014 2:58:50 PM| 9 Answers
In the expression (x2 + 3), the base is _____. x 2 3 User: ...
Weegy: A number can not be divided by zero. The answer to 8/0 is undefined. User: Another name for the natural ...
11/24/2014 2:38:34 PM| 7 Answers
Simplify 3 · 2x. What is the coefficient? 2 3 6 x User: ...
Weegy: c User: Find the value of (3 + 4)2. 14 25 49 User: Evaluate N2 + 2N + 1 for N = 5. 21 36 51 Weegy: ...
11/24/2014 2:34:02 PM| 6 Answers
6 1/3 + 4 ¾ + 3 7/12 = 13 11/12 14 2/3 13 2/3 14 7/8 User: ...
Weegy: 3/5 to a decimal fraction is 0.6 3/5 = 0.6 User: 16 is what percent of 72? 22.2% 2.22% 4.5% 45% ...
11/24/2014 8:12:37 AM| 4 Answers
what was the first human invention to break the sound barrier
Weegy: The first human invention to break the sound barrier is a whip or [ bullwhip. ]
11/24/2014 10:26:02 AM| 3 Answers
How is the infinitive used in the sentence? Are those cowboy boots ...
Weegy: I need some time to think. Infinitive: To think; Use: Adjective User: How is the infinitive used in the ...
11/24/2014 10:27:35 AM| 3 Answers
9. Which kind of phrase are the underlined words in the sentence? ...
Weegy: The water from the well smells funny to me. The phrase from the well is an adjective phrase. User: Which ...
11/24/2014 12:03:46 PM| 3 Answers
Find the value of 4^2 + 6^2. 20 52 100 User: Find the value of ...
Weegy: 18 (eighteen) is the natural number following 17 and preceding 19. Please be specific with your question for us ...
11/24/2014 2:30:14 PM| 3 Answers
20,000 pounds equals how many English tons?
11/25/2014 3:30:36 AM| 3 Answers
Which personal pronoun best completes the sentence? How is it used? ...
Weegy: My father made my sister and ME blueberry pancakes for breakfast. The correct pronoun is: me; indirect object. ...
11/25/2014 9:42:28 AM| 3 Answers
Civil war broke out in Bosnia because the ________ in Bosnia wanted ...
Weegy: Civil war broke out in Bosnia because the Serbians in Bosnia wanted to be part of Serbia but the rest of the ...
11/24/2014 12:17:17 AM| 2 Answers
Weegy Stuff
S
L
1
L
P
C
1
P
C
1
L
P
C
1
Points 2576 [Total 14287]| Ratings 10| Comments 2476| Invitations 0|Offline
S
L
Points 1394 [Total 3680]| Ratings 0| Comments 1394| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 757 [Total 14131]| Ratings 0| Comments 757| Invitations 0|Offline
S
L
Points 739 [Total 1260]| Ratings 6| Comments 679| Invitations 0|Offline
S
Points 628 [Total 660]| Ratings 1| Comments 618| Invitations 0|Offline
S
1
L
L
Points 250 [Total 6644]| Ratings 0| Comments 250| Invitations 0|Online
S
L
Points 159 [Total 1455]| Ratings 3| Comments 129| Invitations 0|Offline
S
Points 66 [Total 66]| Ratings 1| Comments 56| Invitations 0|Offline
S
Points 50 [Total 50]| Ratings 0| Comments 0| Invitations 5|Offline
S
Points 46 [Total 46]| Ratings 3| Comments 6| Invitations 1|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.