Which is the first step in setting a financial goal?

Question

(1 point)
Responses

setting aside leftover income
setting aside leftover income

reducing your spending
reducing your spending

tracking your spending
tracking your spending

starting a second source of income
starting a second source of income

Answer 1

The first step in setting a financial goal is tracking your spending. This allows you to understand your current financial situation, identify where your money goes, and determine how much you can allocate toward your financial goals.