Question

The first step of the financial planning process is to: Question 1 options: develop financial goals. implement the financial plan. analyze your current personal and financial situation. evaluate and revise your actions.

Answer 1

analyze your current personal and financial situation

Step-by-step explanation:

The financial planning process is a logical, six-step procedure:

(1) determining your current financial situation.

(2) developing financial goals.

(3) identifying alternative courses of action.

(4) evaluating alternatives.

(5) creating and implementing a financial action plan, and.

(6) reevaluating and revising the plan.

Answer 2

Answer: Evaluating and analyzing present financial situation

Step-by-step explanation:

Analyzing the current financial as well as personal state of a person is the first measure while financial planning.It helps in determining the present scenario of a person in terms of savings, investments, incomes,debts and other financial aspects.This will facilitate in making organized plan for further financial goal a person should persist accordingly.

Other options are incorrect because evaluating and improving the steps, developing finical objective and implementing it are not the appropriate step for working in direction of financial planning .