ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Personal Financial Planning is the process of meeting other’s life goal.
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Financial Planning is the proper management of personal finance.
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Financial planning is an ongoing process of managing own money to achieve our life goal.
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None of the above.
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Detailed explanation-1: -What is financial planning? Financial planning is a step-by-step approach to meet one’s life goals. A financial plan acts as a guide as you go through life’s journey. Essentially, it helps you be in control of your income, expenses and investments such that you can manage your money and achieve your goals.
Detailed explanation-2: -Financial Planning is the process of meeting one’s life goals through the proper managementofpersonal finances.”
Detailed explanation-3: -Financial planning is an ongoing process that looks at your entire financial picture in order to create strategies for achieving your short-and long-term goals. It can reduce your stress about money, support your current needs and help you build a nest egg for your long-term goals, like retirement.