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In Business / College | 2025-07-08

Which of the following is NOT a component of financial planning?
A. Budgeting
B. Investing
C. Excessive spending
D. Retirement planning

Asked by 1toxicgaming143

Answer (2)

Excessive spending is not part of financial planning, which includes budgeting, investing, and retirement planning. Excessive spending leads to financial instability and contradicts the goals of effective financial management. Therefore, the correct answer is C. Excessive spending.
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Answered by Anonymous | 2025-07-08

Excessive spending is not a component of financial planning, unlike budgeting, investing, and retirement planning which are crucial for managing finances efficiently. Excessive spending leads to negative financial outcomes. Understanding these components helps individuals secure their financial future. ;

Answered by GinnyAnswer | 2025-07-08

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