7 point True or False? A major purpose of personal financial planning is future economic security.* True O False You need a place to live. You have determined that you can continue to rent on an apartment, move in with your parents, look at buying a condominium or look at buying a house. This is an example of which step in the financial planning process? a. Determining your current financial position O b. Developing financial goals c. Identifying alternative courses of action O d. Evaluating alternatives