Financial Planning

Financial Planning
Explain why creating budgets and personal financial statements are important to you (or should be important as they may not be currently).
Discuss the budgeting techniques you will use if implementing a budget for the first time, or how you will modify the techniques used in your current budget practices. Evaluate the advantages and disadvantages associated with different ways of budgeting and creating personal financial statements.
Describe factors that would require you to update your financial plans and why understanding the life cycle of financial plans is important in the financial planning process.
Develop a personal plan for the following areas. Describe the steps you will take in each of these

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