In the "Who, What, When" Advanced Facts workflow, which item would be categorized under When?

• A. Salary growth
• B. Tax brackets
• C. Expenses
• D. Portfolio diversification

Answer: (C)

Timing in money planning is about events tied to dates, cadence, and when cash flows occur. Expenses fit this focus because they are cash outflows that happen at specific times or over particular periods (monthly bills, quarterly payments, one-time charges). Tracking expenses by month or by due date is a classic timing exercise, which is why they belong in the When category.

Salary growth describes how earnings change over time, which is more about the amount and the source of income rather than when a payment or cost occurs. Tax brackets relate to tax rules and thresholds, not the timing of a particular cash event, and portfolio diversification concerns how assets are allocated rather than when costs or obligations arise. So expenses best align with the timing aspect captured by When.