22
QuizMultiple Choice

3.2 Principles of Financial Planning

Question 22 • Personal Finance - EL3403

What do financial planning skills ultimately enable an individual to do?

Answer
A
to prepare for the future
B
to process their own tax returns
C
to stop spending
D
to become wealthier without saving money

Explanation

Financial planning helps people set goals, manage their money, and make decisions that support their long-term needs. These skills ultimately enable an individual to prepare for the future. They do not necessarily mean someone can file taxes independently, stop spending, or become wealthier without saving.

AI-written and checked against the verified answer.

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