Q:
What is true about personal financial planning?
Answer & Explanation
Answer: A) 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.
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