Question

Lynn Roy has decided to take retirement from her job and use the time she has gained to travel around the world. She has decided to start her trip around the world in Europe by train and bus and will use her savings to pay for her trip. Which step in the financial planning process does this scenario demonstrate

Answer 1

implementing her financial plan

Step-by-step explanation:

According to the given situation, Lynn Roy has a plan that she will take a trip to Europe, in this case, retires and travels all over the world.

For doing that, she needs to look at her savings which she saves while doing a job and see if she can make that financially. If she is, she can draw up and implement a plan, meaning, start using it.

Therefore according to the above explanation the correct the answer is implementing her financial plan