Answered

IDNLearn.com makes it easy to find precise answers to your specific questions. Discover prompt and accurate answers from our community of experienced professionals.

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.

Sagot :

GinnyAnsweridn

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


Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. Thank you for choosing IDNLearn.com. We’re dedicated to providing clear answers, so visit us again for more solutions.