The advantages of personal financial planning include:
A)Increased effectiveness in obtaining,using and protecting your financial resources
B)Increased control of your financial affairs by avoiding excessive debt and bankruptcy
C)Improved personal relationships resulting from better communicated financial decisions
D)All of these
E)None of these

Question

Quizplus · Accepted Answer

All of the options listed (A, B, and C) are advantages of personal financial planning. It helps in better management and utilization of financial resources, aids in controlling financial affairs to prevent debt and bankruptcy, and can lead to improved personal relationships through clearer communication about finances.

The Advantages of Personal Financial Planning Include