One of the main purposes of personal financial statements is to:

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Personal financial statements are used to track and measure progress toward financial goals, such as saving for retirement or paying off debt. They provide a snapshot of your current financial situation and help you stay on track towards achieving your long-term financial objectives. Reporting future financial position (A) may be a component of personal financial statements, but it is not the main purpose. Maintaining information about work activities (C) is generally done through a resume or work history document, and personal financial statements are not used for this purpose. Rating a restaurant (D) has no connection to personal financial statements.

One of the Main Purposes of Personal Financial Statements Is