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It is important that you get to know your money situation. Setting money goals is the second key to a successful financial plan. Once you have established your financial plan you need to write it down. The given statement is True. A financial plan serves as a guide as you travel through life's journey. Essentially, it allows you to be in control of your income, expenses, and investments, allowing you to manage your money and achieve your goals. Seven out of every ten families in America live paycheck to paycheck. The first key component of a successful financial plan is to assess your financial situation. Make saving for the future your top priority, ahead of all other financial obligations. Try to save at least 10% of your annual income. You might be able to save more or less depending on your obligations. Thus, the ideal selections are A, A, True, A, and B respectively. Learn more about the financial plan here: #SPJ2Why a financial plan is important?
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