Arrange the following steps involved in the process of financial planning in the correct sequence.
Answer & explanation
Correct answer: option 2
Financial Planning Process
1) Identify your Financial Situation.
2) Determine Financial Goals.
3) Identify Alternatives for Investment.
4) Evaluate Alternatives.
5) Put Together a Financial Plan and Implement.
6) Review, Re-evaluate and Monitor The Plan.
1) Identify your Financial Situation.
2) Determine Financial Goals.
3) Identify Alternatives for Investment.
4) Evaluate Alternatives.
5) Put Together a Financial Plan and Implement.
6) Review, Re-evaluate and Monitor The Plan.