Every individual and family needs to develop a financial plan tomake the best use of resources to achieve financial goals. Financial planningwill help them clarify their goals and ensure that spending, financing, andinvesting decisions are aligned with those goals.Required:- 1) Explain how you benefit from personal finance.( 300 words )2) Identify the key components of a financial plan. ( 350 words ) 3) Outline the steps involved in developing your financial plan. ( 350 words )You can develop your own goals and financial plans to achieve those goals* Guidance Notes and Format of the Assignment :- 1 – Introduction . ( 150 words ) .2- Assignment Tasks ( 1000 words ) 5- Conclusion ( 150 words ) Total words = 1300 ** Note : refer to this link to find the answer of the three questions and paraphrase as well as summarize .http://wps.prenhall.com/wps/media/objects/8740/894…
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