The best schedule for the order of the components of your financial plan would be
A)budgeting and tax planning,managing liquidity,financing large purchases,insurance,investing and estate planning.
B)tax planning,managing liquidity,budgeting,financing large purchases,insurance,investing and estate planning.
C)managing liquidity,budgeting and tax planning,financing large purchases,insurance,investing and estate planning.
D)budgeting and tax planning,financing large purchases,managing liquidity,insurance,investing and estate planning.

Question

Quizplus · Accepted Answer

The logical sequence starts with budgeting and tax planning to understand your financial situation and tax implications. Managing liquidity ensures you have cash for daily needs, followed by financing large purchases. Insurance is crucial for risk management before focusing on investing for growth. Estate planning is the final step to manage wealth distribution.

The Best Schedule for the Order of the Components of Your