Effective financial plans should
A)consider your wants and needs.
B)consider your financial resources.
C)reflect your personality.
D)reflect your emotional reactions to money.
E)do all of these.

Question

Quizplus · Accepted Answer

Effective financial plans should consider both your wants and needs, as well as your financial resources. They should also reflect your personality to ensure that you are comfortable with the plan and are more likely to stick to it. However, they should not be solely based on emotional reactions to money, as this can lead to irrational decision-making. Therefore, the best choice is E, which includes all of these considerations.

Effective Financial Plans Should