A financial plan.
A financial plan is based on financial goals. These can include college education, buying a home, starting a business, or retirement. Financial goals are set to be used as milestones of the plan.
A personal net worth statement is a listing of a person's assets and liabilities. It helps measure a person's progress towards their financial goals.
A budget helps a person decide how much to set aside for debt repayment, savings and investing each month.
A financial plan is defined as a comprehensive evaluation of the individual's current financial status to plan or prepare for the individual's future financial state.
1 2 3 5 7 i think not 100 %
A. Goals, budget, loan information, insurance plan, and a saving and investing plan.
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.
its the fourth option