2 years ago

What is meant by the term financial planning?

Mathematics

1 answer:

Naily [24]2 years ago

8 0

Answer:

a Long-term goals are reached over an extended period of time, so your current income does not affect

them.

Step-by-step explanation:

Financial planning refers to long term goals that are planned and reached over an extended period of time to keep one solvent in cases of emergency without having a direct effect on current income.

Solvency simply means having more assets than liabilities to be able to stay afloat of one's debts.

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