The major function of a financial plan is to:
A)reduce taxes.
B)increase savings.
C)achieve financial goals.
D)improve your credit rating.
E)obtain adequate insurance protection.

Question

Quizplus · Accepted Answer

The major function of a financial plan is to help individuals or households achieve their financial goals. A financial plan provides a roadmap to reach those goals, by identifying the steps that need to be taken and the resources required. While taxes, savings, credit rating and insurance protection are all important aspects of financial planning, they are not necessarily the primary objective.

The Major Function of a Financial Plan Is To