Answered

What is meant by the term financial planning?
a. Long-term goals are reached over an extended period of time, so your current income does
not affect them.
b. It is creating a road map of everything you do with your money.
c. It is hoping you will have enough money to pay all your bills on time.
d. If your income exceeds your expenses, you will be able to save money for the future.
Please select the best answer from the choices provided
OOOO
ABCD



Answer :

GinnyAnswer

Final answer:

Financial planning involves setting goals, evaluating, planning, implementing, and monitoring a comprehensive strategy to meet financial objectives.


Explanation:

Financial planning is the process of creating a comprehensive strategy to meet your financial goals. It involves setting short-term, medium-term, and long-term goals, evaluating your current financial situation, creating a plan, implementing it, and monitoring your progress. A budget is an essential component of financial planning, helping you manage income, savings, investing, and expenses.


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