what is meant by the term financial planning?\na. long - term goals are reached over an extended period of…

what is meant by the term financial planning?\na. long - term goals are reached over an extended period of time, so your current income does not affect them.\nb. it is creating a road map of everything you do with your money.\nc. it is hoping you will have enough money to pay all your bills on time.\nd. if your income exceeds your expenses, you will be able to save money for the future.\nplease select the best answer from the choices provided\no a\no b\no c\no d

what is meant by the term financial planning?\na. long - term goals are reached over an extended period of time, so your current income does not affect them.\nb. it is creating a road map of everything you do with your money.\nc. it is hoping you will have enough money to pay all your bills on time.\nd. if your income exceeds your expenses, you will be able to save money for the future.\nplease select the best answer from the choices provided\no a\no b\no c\no d

Answer

Brief Explanations:

Financial planning is about creating a comprehensive plan for managing money, which is like a roadmap for all financial - related activities. Option a only focuses on long - term goals, option c is more about basic bill - paying hope, and option d is just about the result of income exceeding expenses.

Answer:

B. It is creating a road map of everything you do with your money.