Question

What are the steps involved in financial planning

Answer 1

(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.

Answer 2

for the financial planning you have to take some steps related to your expenditure or earrnings means how would you invest your money.you can make some insurance and you can also in mutual funds .you can make fds on the name of your children or your parents or on your name .but you have to nanage your earrnings because right money management is more essential than wasting it

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