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  • Question
  • What is true about personal financial planning?


  • Options
  • A. Personal financial planning is the process of creating and achieving financial goals
  • B. Our financial decisions decrease once we reach adulthood
  • C. A family's resources are unlimited
  • D. There are two means for achieving financial goals?you either need to increase your spending or reduce savings

  • Correct Answer
  • Personal financial planning is the process of creating and achieving financial goals 

    Explanation

    Personal financial planning is the process of creating and achieving financial goals.

     

    True statements regarding personal financial planning:

    As we age, the number and complexity of the financial decisions that we make increases.

    There are two means for achieving financial goals?you either need to increase your savings or reduce spending.

    A family's resources are limited.

  • Tags: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

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