Answered

Select the correct answer.

Which statement is true regarding financial planning?

A. You should have a degree in finance before you can begin planning your finances.
B. Your plan shouldn't change over time or you will not accomplish the goals you set.
C. You should attach a cost to each goal so that you analyze the risks and rewards of reaching that goal.
D. Long-term goals are more critical to accomplish than short-term ones, so they should be prioritized.



Answer :

GinnyAnswer

Final answer:

Financial planning involves setting goals, evaluating, and monitoring to manage personal finances effectively.


Explanation:

Financial planning is essential for managing personal finances effectively.

Setting goals, evaluating, planning, implementing, and monitoring are key steps in the financial planning process.

Cost analysis and prioritizing long-term goals are important aspects of financial planning.


Learn more about Financial Planning here:

https://brainly.com/question/29763313


Other Questions