Q. What are the 5 steps of financial planning?

Ans. The 5 Steps of Financial Planning are 1. Know Where You Stand. 2. Set Your Goals. 3. Plan for the Future. 4. Managing Money. 5. Review Your Plan.

Q. What are the 4 steps in financial planning?

Ans. The 4 Steps of Financial Planning are 1. PLANNING 2. STRATEGY 3. TACTICS 4. MONITOR

Q. What is financial planning and why is it important?

Ans. Financial planning is a process rather than a commodity. It's a long-term strategy for intelligently managing your money so you may accomplish your goals and objectives while navigating the financial roadblocks that inevitably come at every stage of life.

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