The expense category that can be eliminated through good financial planning is debts.
What is financial planning ?
"Financial Planning is the process of estimating the capital required and determining it’s competition. It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise."
What is debt ?
"Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest."
From the definition it is clear that debt can be eliminated from good financial planning.
Hence, C is the correct option.
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