Question

Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally

Answer 1

Answer:

Two examples of important things that financial planning skills can help us do are:

1. Acquire a strong savings habit
2. Set realistic goals

Explanation:

Acquire a strong savings habit: This is achievable when a person has a clear understanding of how much are their expenses and how much is needed to be save in order to acquire capital goods or to construct a fund for unexpected costs.

Set realistic goals: When a person knows how much its income is and has a realistic financial planning he knows what goals are achievable and which are not.