10 pts
0 pts
Financially responsible individuals accept the fact that they are accountable for their financial future.
Attitudes and values affect financial decisions.
People purchase insurance to transfer the risk of financial loss.
Financial advice can be obtained from a variety of sources such as professional financial advisors, books, and the Internet.
A personal financial plan should include the following components: financial goals, a net worth statement, an income and expense record, an insurance plan, a saving and investing plan, and a budget.
Legal documents, such as wills, can be an important part of financial planning.