Q7 “Financial planning is an ongoing process, providing direction for achieving your goals through proper management of your financial situation. It takes a holistic view of your lifestyle, your needs and your priorities. A financial plan is a tool to analyze your financial situation and provide projections that can assist you in understanding your true situation and whether you can achieve your goals”. Discuss the significance of financial planning and also discuss about Bhartiya Model of Financial Planning?

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Q: True or False.

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Q: What is true about the way you should approach financial goals across different stages of your life?

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A: Financial intermediaries are institutions that serve as the middleman between savers and borrowers.

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Q: The longest stage of the Life Cycle of Financial Planning is? A. Stage 1 B. Stage 2 C. Stage 3…

A: The life cycle of financial planning involves a continuous process that begins with setting and…

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Q: What finance principles can you use during the DMAIC process?

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Consumer Credit Counseling Services

Credit counseling teaches consumers about credit, budgeting, money management, and debt management. The counselor ensures that consumers can pay off their debts without declaring bankruptcy. Counselors also assist the negotiator, who negotiates with creditors on behalf of their clients to reduce interest rates on outstanding debt. Counselors can offer credit counseling to customers before or after they take on debt. Consumer Credit Counseling Services (CCCS) is a non-profit organization that offers credit counseling services. Some organizations can also be for profit. This type of organization comprises a group of professionals who are skilled negotiators.