which best explains the difference between short - term and long - term planning?\nshort - term planning…

which best explains the difference between short - term and long - term planning?\nshort - term planning involves setting monetary goals while long - term planning involves setting nonmonetary goals.\nshort - term planning takes care of regular expenses in the near future while long - term planning involves saving for large purchases further in the future.\nshort - term planning seeks to reduce discretionary spending while long - term planning seeks to reduce flexible expenses.\nshort - term planning involves only small amounts of money while long - term planning involves large sums of money.

which best explains the difference between short - term and long - term planning?\nshort - term planning involves setting monetary goals while long - term planning involves setting nonmonetary goals.\nshort - term planning takes care of regular expenses in the near future while long - term planning involves saving for large purchases further in the future.\nshort - term planning seeks to reduce discretionary spending while long - term planning seeks to reduce flexible expenses.\nshort - term planning involves only small amounts of money while long - term planning involves large sums of money.

Answer

Answer:

Short - term planning takes care of regular expenses in the near future while long - term planning involves saving for large purchases further in the future.

Brief Explanation:

Short - term planning focuses on immediate financial needs like monthly bills. Long - term planning is for future major expenses like buying a house or retirement.