Question

A personal financial plan should have _____.

goals, budget, loan information, insurance plan, and a saving and investing plan

net worth statement, financial goals, budget, risk management plan, and investment principals

net worth statement, financial goals, budget, insurance plan, and a saving and investing plan

net worth statement, financial goals, spreadsheet, risk management plan, and a saving and investment plan
Please answer asap, ding a huge test!!

Answer 1

A. Goals, budget, loan information, insurance plan, and a saving and investing plan.

Answer 2

option A

Explanation:

A personal financial plan should have - A) goals, budget, loan information, insurance plan, and a saving and investing plan

This is the general requirement if a person looks at his day to day expenses and budgets.

But if he needs to invest somewhere, he must know his net worth.

Net worth statement is important as a person should always know his worth. And he should invest or budget anything keeping in mind his total worth. Otherwise if a person invests huge amounts somewhere and his net worth is less than that, he will go bankrupt.