Attempts to increase income are part of the ________ component of financial planning.
a)planning
b)obtaining
c)saving
d)sharing
IS A OR C CORRECT?THANK YOU:))))
Increasing income has very little to do with saving. Therefore, A must be right.
The correct answer is (a) planning. Attempts to increase income are part of the planning component of financial planning. This involves creating strategies and setting goals to enhance your income, such as pursuing career advancements, starting a business, or investing in income-generating assets.
The correct answer is option a) planning.
Financial planning involves several components, including setting financial goals, creating a budget, managing debt, and improving one's financial situation. One of the key components of financial planning is finding ways to increase income. This can be achieved through various methods such as advancing in one's career, taking on additional work or side jobs, investing, or starting a business.
To arrive at the answer, you can analyze the options provided and determine which one aligns best with the concept of increasing income. Since obtaining, saving, and sharing do not specifically refer to strategies for increasing income, the correct answer is planning.