Which of the following is one of the five basic steps in personal financial planning?
A)Evaluate your personal health.
B)Define your career goals.
C)Develop a plan of action.
D)Let an accountant review your plan.

Question

Quizplus · Accepted Answer

Developing a plan of action is one of the five basic steps in personal financial planning. This involves setting goals, creating a budget, managing debt, and investing for the future. Evaluating personal health and defining career goals may be important for overall well-being, but they are not specific steps in financial planning. While an accountant may be helpful in reviewing a plan, it is not one of the foundational steps.

Which of the Following Is One of the Five Basic