A net worth statement, insurance plan, and a budget are all part of a Financial plan.
The parts of a good financial plan include a net worth statement, financial goals, a budget, a saving and investing plan, and an insurance plan.
Financial plan is generated from financial information. There are five parts to a organize your financial information, these includes; net worth statement, financial goals, budget, saving and investing plan, and insurance plan. Another way to organize your financial information are bills, receipts, and account statements.