Personal _____ is a systematic process that considers important elements of an individual's financial affairs in order to fulfill financial goals.
A) conflict resolution
B) financial planning
C) standard of living
D) legal counseling
E) wealth monitoring

Question

Personal _____ is a systematic process that considers important elements of an individual's financial affairs in order to fulfill financial goals.
A) conflict resolution
B) financial planning
C) standard of living
D) legal counseling
E) wealth monitoring

Quizplus · Accepted Answer

Financial planning is the process of analyzing an individual's financial situation, setting financial goals, and creating a plan to achieve those goals. It involves considering important elements such as income, expenses, debts, investments, insurance, taxes, and retirement planning. The ultimate aim of financial planning is to help individuals fulfill their financial goals and achieve financial security.

Personal _____ Is a Systematic Process That Considers Important Elements of an Individual's