Question

Lynn roy has decided to take retirement from her job and use the time she has earned to travel around the world. she has decided to start her trip around the world in europe by train and bus and will use her savings to pay for her trip. which step in the financial planning process does this scenario demonstrate? developing her financial goals identifying alternative courses of action evaluating her alternatives implementing her financial plan reviewing and revising her financial plan

Answer 1

I believe the correct answer is implementing her financial plan.
She has a certain plan, which in this case, is retiring and traveling around the world. In order to do that, she has to take a look at her savings and see whether she is able to do that financially. If she is, she can make a plan and implement it, meaning, start using it.