The PSFP is an essential component of personal financial planning because it helps monitor a client's progress
A)ACH.
B)PITI.
C)PSFP.
D)SSPFPS,1.

Question

Quizplus · Accepted Answer

The PSFP (Personal Statement of Financial Position) is an essential component of personal financial planning because it helps monitor a client's progress towards achieving their financial goals. It provides an overall snapshot of an individual's financial situation, including assets, liabilities, and net worth. By regularly reviewing and updating the PSFP, financial planners can track their clients' progress and make adjustments to their financial plan as needed.

The PSFP Is an Essential Component of Personal Financial Planning