Which of the following is a consideration when setting up a new cash flow plan for a member?

Assessing previous spending habits is essential when setting up a new cash flow plan for a member because it provides valuable insights into their financial behavior and decision-making. By understanding how the member has previously allocated their resources, financial counselors can identify patterns, trends, and areas where adjustments may be necessary. This historical context helps in creating a more tailored and effective cash flow plan that aligns with the member's financial goals and improves their financial literacy.

Continuing to evaluate previous spending habits allows for the development of realistic budgeting practices, identifying opportunities for savings, and ensuring that the cash flow plan addresses their unique financial situation comprehensively. This groundwork is crucial for fostering responsible financial behaviors moving forward.