Financial planning skills ultimately enables an individual: A. to prepare for the future.
The planning gap can be defined as the gap that typically exist between "where we are now?" and "where we want to be?"
Basically, "where are we now?" describes the current situation of things or financial and non-financial activities that a business firm currently holds. On the other hand, "where we want to be?" is a vision and mission statement that focuses on achieving the goals and objectives set for a business firm.
Financial planning skills can be defined as the ability of an individual to determine the most appropriate (best) financing and investing activities for himself or herself, or a business firm after evaluating all available options.
In this context, we can reasonably infer and logically deduce that financial planning skills ultimately enables an individual to prepare and plan for the future.
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