Question

What is true about personal financial planning?

a. You only need to list long-term goals.
b. You don’t need a financial plan until about the age of 35.
c. Your financial goals will change over time.
d. All of the above

Answer 1

C. Your financial goals will change over time.

Answer 2

c. Your financial goals will change over time.

Explanation:

The correct answer is : c. Your financial goals will change over time.

Personal financial planning is different for each individual. Every person plans his finances according to his income.

This planning involves savings, investments, expenses , etc. Each category has to be budgeted according to a person's income. So, this planning changes with time as the income increases, investments increases or decreases with time.

This is the reason, option C is the correct answer.