Question

personal financial planning

• is the of creating a financial plan to spend and save money
• allows people to determine, in whether they will have enough for their needs and wants
• is a step - by - step process which allows people to spend and save with

creating a financial plan

• involves the following steps:

◦ the financial situation
◦ setting financial goals
◦ courses of action
◦ evaluating
◦ finalizing the plan
◦ implementing the plan
◦ and revising the plan

Explanation:

Personal financial planning is a process. "In advance" makes sense for determining future financial sufficiency. "Money" is what's needed for needs/wants. "Confidence" comes from a step - by - step process. For creating a plan: "Determining" the financial situation is first. "Identifying" courses of action follows setting goals. "Alternatives" are evaluated. "Reviewing" (along with revising) is the last step.

Answer:

1. process
2. advance
3. money
4. confidence
5. determining
6. identifying
7. alternatives
8. reviewing