0
The process of creating a detailed plan to meet your financial needs and prepare for the future is called?
Wiki User
∙ 12y ago
personal financial planning
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
1 The process of creating a detailed plan to meet your financial needs and prepare for the future is called?
Personal finance
What is securtisation?
The process of creating a financial instrument by combining other financial assets and then marketing them to investors.
What are the primary objectives of the accounting function in an organization?
The primary objectives of the accounting function in an organization are to process financial information and to prepare financial statements at the end of the accounting period.
How to Prepare for Financial Planning?
You might think financial planning in itself is the preparation needed to get your financial affairs in order, and in a way, it is, but you must often have the information necessary to make this process productive and constructive. The financial planning process might not be as easily as you make think though, and even with the assistance of a financial professional, it can take some work. There are however, things that you can do to prepare for financial planning that might make the process go a bit more smoothly.Create a Prep SheetGoing into the financial planning process with a cheat sheet of shorts might make things easier on all involved. Creating a comprehensive list of assets, liabilities, accounts, account names, amounts beneficiaries, and other pertinent financial information can help you become familiar with your finances before you ever begin the planning process. This can make the planning process easier if you choose to do it yourself or may help you in feeling more confident and comfortable if you decided to meet with a financial planner.List GoalsIt is often difficult to plan for your financial future without having an idea of where you want to go. By creating a prep sheet, you may be creating a snapshot of where your finances are now, but not necessarily how you want them to grow. But by building a list of short-term, mid-term and long-term goals, you can get a better idea of what you want from your finances and how you want them to grow and work for you. These goals can help you with planning for the future and assist in keeping you on track once you’ve worked through the planning process.Be RealisticIf you decide to utilize a finance professional in your planning process, you probably shouldn’t expect him to be able to sweep up all your past financial mistakes and whisk them under the carpet to be magically changed into successes. It is helpful in preparing for financial planning that you be realistic in your expectations. You may not retire with millions of dollars no matter how much you plan. Being realistic can help you with the creating of goals and to better understand and utilize the financial planning process.Disclaimer:This article is for informational purposes only. Any action taken by the reader due to the information provided in this article is at the reader’s discretion.
What is the steps in accounting process?
1 - Collect source document 2 - Analyze the transaction 3 - Journalize transaction 4 - Posting transaction 5 - Prepare unadjusted trial balance 6 - Prepare adjusting entries 7 - Prepare trial balance 8 - Prepare financial statements
How can the process of creating and ratifying the constitution be described?
How can the process of creating and ratifying the constitution be described
When can you enroll for the next semester and can you apply for financial aide?
Enrolling for the next semester is dependent on the specific school. Each school has registration start dates particular to itself. You can always start the financial aid process. Stop in or contact the financial aid office at the school you attend for detailed information.
What is the first step in the financial planning process?
The first step in the financial planning process is to determine your current financial situation.
What is embossing?
Embossing is the process of creating raised design in a material. Debossing is the process of creating a recessed design.
How did this process help a territory prepare for state hood?
what process are you asking about
Prepare production and control charts necessary to control and optimise the process?
Prepare production and control charts necessary to control and optimise the process?
What is the process necessary to prepare raw hazelnuts for eating or cooking?
The process that is necessary to prepare raw hazelnuts to be eaten is to be roasted abit for awhile.
