What is the goal of personal financial planning?
A)To maximize the revenue of household "member-owners" over their life cycle.
B)To minimize the expenses of household "member-owners" over their life cycle.
C)To minimize the degree of risk faced by household "member-owners" over their life cycle.
D)To provide the highest standard of living possible for household "member-owners" over their life cycle.
E)All of the above.

Question

Quizplus · Accepted Answer

The goal of personal financial planning is to provide the highest standard of living possible for household "member-owners" over their life cycle by effectively managing income, expenses, savings, and investments.

What Is the Goal of Personal Financial Planning