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In order to make a financial plan, you need to understand your income, savings, living expenses, and credit obligations. True False

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The answer  to the question is True
User ClarkXP
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The statement that in order to make a financial plan, you need to understand your income, savings, living expenses, and credit obligations is true. Financial planning is the process of determining how a business will afford to achieve its strategic goals and objectives. It includes the income statement, the balance sheet and the cash flow statement.

User Jeff Neet
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