Reference no: EM133546092

Question: Based on your financial plan, analyze your findings, and compare them to what you learned about this term. Develop an action plan to either assist you and/or your family move forward more efficiently or if you are doing all the right things. Questions to consider in your action plan reflection: What can you do to improve your financial situation? Based on what you have learned, what is your current net worth? Is it positive or negative? Do you have a lot of revolving debt? What methods can you use to reduce those down or pay them off completely? Snowball or Avalanche? Do you have enough life insurance in case something happens to you or your family members? Are you looking to buy a home, or are you renting? How do these options work for your family? How much money will you have saved for retirement? Are you contributing enough? If not, why not? There are no wrong answers here. Be honest with yourself and set yourself up for success.