18makdunn
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What is the first step in financial planning?
A.)maintaining a log of all your expenses
B.)understanding what you want
C.)preparing a balance sheet
D.)attaching a goal cost to every goal
E.)attaching a time frame to every goal

Respuesta :

The first step in financial planning is to understand what you want. On the basis of this, you need to analyze your financial condition and make a decision in financial planning. Hence, Option B is the correct statement.

What do you mean by financial planning?

Financial planning is a step-by-step way to meet personal goals. The financial plan serves as a guide as you travel through life. In fact, it helps you to manage your income, expenses, and investments so that you can manage your finances and achieve your goals

Thus, Option B is the correct statement.

Learn more about financial planning here:

https://brainly.com/question/12890843

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