Answer: True
Step-by-step explanation:The first thing you need to do is to create a financial plan - a guide for you to achieve your financial goals. You have to develop a budget in order to know where all your money goes and what you spend most of your money on. This will help you to get a perspective on how much money you really need every month for basic and obligatory expenses. Next, you have to set your financial goals, realistic ones and goals that you know you would be able to meet. The best thing is to write them down. After all this, start saving. Saving is an essential part of every financial planning. Try not to outspend your income and cut back where necessary. Try to put some money aside every month, even if it is a small amount.
Answer:
Financial planning does require preparation.
on OW
Step-by-step explanation:
Got it right on OW
