The Financial Planning Process Consists of Three Steps

The financial planning process consists of three steps:

A) evaluate your current financial status,set financial goals,develop and use a budget.
B) work with a financial planner,create a financial budget,devise a plan to maximize the likelihood that you will stay within your budget.
C) calculate your total debt,determine the cash available per month to pay down the debt,develop a plan for paying off the debt.
D) prepare a budget,prepare a list of assets and liabilities,prepare a statement of cash flows.