Which of the following is considered a resource that families and individuals can use to reach their financial goals?

• A. Avoiding financial planning altogether
• B. Savings accounts and investment options
• C. Ignoring budgeting and spending habits
• D. Relying solely on chance or luck

Answer: (B)

Verified step by step guidance

1. Understand the concept of financial resources: Financial resources are tools or assets that individuals and families can use to achieve their financial goals, such as saving for retirement, purchasing a home, or funding education.
2. Evaluate each option provided in the question: Analyze whether each option contributes positively to reaching financial goals or hinders the process.
3. Option 1: Avoiding financial planning altogether - This is not a resource; it is a counterproductive approach that prevents individuals from setting clear goals and strategies.
4. Option 2: Savings accounts and investment options - These are tangible financial resources that help individuals grow their wealth and achieve financial goals through disciplined saving and investing.
5. Option 3 and 4: Ignoring budgeting and spending habits, and relying solely on chance or luck - Both of these are ineffective strategies that do not provide a structured or reliable way to reach financial goals.