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In Business / College | 2025-07-08

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.

Asked by Celitaaa00

Answer (1)

Financial planning is the process of creating a strategy to manage personal finances effectively. The best definition provided is that it acts as a road map for managing money. Other options do not fully capture the proactive nature of financial planning. ;

Answered by GinnyAnswer | 2025-07-08

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