Which is the first step in setting a financial goal?

Question

Setting aside, leftover income, reducing your spending, tracking you’re spending, starting a second source of income

Answer 1

The correct answer is tracking your spending. Before setting a financial goal, it is essential to have a clear understanding of your current financial situation and how your money is being spent. By tracking your spending, you can identify areas where you may be overspending or have room for saving, which will help inform the financial goal you set.