Question

1

Which statement

BEST

explains why income is the starting point for personal financial management?

A.Knowing one's income allows an individual to control their money and helps to achieve financial goals.

B.Knowing one's income allows an individual to know how much money is available to spend on expenditures.

C.Knowing one's income allows an individual to manage financial resources so they do not become over-extended.

D.Knowing one's income allows an individual to manage debts before they become detrimental to their financial security

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Answer 1

a.knowing one's income allows an individual to control their money and helps to achieve financial goals