What is meant by a continuous process in financial planning?

A continuous process in financial planning refers to managing finances actively throughout life. This means that financial planning is not just a one-off task but an ongoing effort that adapts to changes in a person's financial situation, goals, and market conditions over time. It involves regularly reviewing and adjusting budgets, tracking expenses, setting new financial goals, and planning for life events such as education, buying a home, or retirement.

This approach encourages individuals to stay engaged with their financial health, making proactive decisions that align with their evolving needs and aspirations. By consistently revisiting and refining their financial strategies, individuals can better prepare for unexpected challenges and seize opportunities that arise.

The other options signify more static or limited approaches to financial management, which do not embody the holistic and adaptive nature essential to effective financial planning.