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Sagot :
Final answer:
Financial planning involves setting financial goals, budgeting, and utilizing various strategies to manage finances effectively.
Explanation:
Financial planning involves setting goals, evaluating, planning, implementing, and monitoring to make the most of financial resources. Many intermediate goals may require funding, and it is important to develop a plan for financial savings to budget and balance income and expenditures. Investing early allows savings to grow, and various risk-management strategies like insurance protect against financial loss.
Learn more about Financial Planning here:
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