Personal Finances
Completion requirements
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- 4f Describe different options for financing (CLO 5)
The Financial Planning Process
We've divided the financial planning process into three steps:
- Evaluate your current financial status by creating a net worth statement and a cash flow analysis.
- Set short-term, intermediate-term, and long-term financial goals.
- Use a budget to plan your future cash inflows and outflows and to assess your financial performance by comparing budgeted figures with actual amounts.