Which of these is NOT one of the financial planning steps?

Creating a savings account is a specific action or strategy rather than a step in the broader financial planning process. The financial planning steps typically involve assessing your current financial situation, establishing clear financial goals, and evaluating various alternatives to achieve those goals. Each of these steps is crucial for developing a comprehensive plan that addresses one's financial needs and aspirations.

On the other hand, determining your current financial situation helps establish a baseline from which to work, setting financial goals provides direction and purpose, and evaluating alternatives involves considering different methods or strategies for achieving those goals. While having a savings account can be an important tool in personal finance, it does not encapsulate the strategic approach that characterizes the formal steps of financial planning.