What is the final step in personal financial planning?

The final step in personal financial planning is to keep a constant assessment of your current financial condition.

Explanation:

Financial planning is a management tool applied to your receipts and expenses. As its name implies, it serves to organize all your income and expenses, both past and future, so you always have control over your personal finances. This way you avoid impulse purchases that can get you into debt and know your balance in real time.

As you can see, financial planning is primarily intended to help you optimize your finances so that you can achieve your goals. The last step in this type of planning is to constantly evaluate your financial condition, so you have a realistic way of projecting your goals.

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