Question

A financial plan consists of four main components: a budget, a savings plan, a debt repayment plan, and an investment plan. Read the scenario below, and decide which component it is relevant to.
Maria is a nurse who makes

a month. Each month she does the following:
She puts

into an emergency fund
She puts

in a retirement account
She puts

into her wedding fund.
She spends

on rent, food, and bills.
She pays

a month towards her student loan debt of

Where does the

she puts in the wedding fund go in her plan?
Choose 1 answer:
Choose 1 answer:
(Choice A) budget
A
budget
(Choice B) savings plan
B
savings plan
(Choice C) debt repayment plan
C
debt repayment plan
(Choice D) investment plan
D
investment plan

Answer 1

B. savings plan