Answer:
Financial planning is Option b: An ongoing process.
Step-by-step explanation:
Financial planning refers to the process of setting goals, assessing financial resources, and creating a plan to achieve those goals. It involves various activities such as budgeting, saving, investing, and managing risks. Financial planning is not a one-time event but rather an ongoing process that requires regular review and adjustments to ensure that the plan remains aligned with changing circumstances and goals.
By continuously monitoring and updating the financial plan, individuals can make informed decisions about their finances and work towards achieving their short-term and long-term objectives. This ongoing process helps individuals adapt to changes in their personal circumstances, financial markets, and economic conditions.
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