It is best to prepare an individual's personal financial statements at least once a year,ideally when drawing up his or her budget.

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It is recommended to prepare personal financial statements at least once a year to evaluate one's financial situation, set financial goals, and track progress towards achieving them. Ideally, this should be done when creating a budget to ensure that the budget aligns with the person's financial position and goals.

It Is Best to Prepare an Individual's Personal Financial Statements