Which of the following actions is important for financial success?

Tracking income and expenses is a crucial action for achieving financial success because it provides a clear picture of one's financial situation. By monitoring where money comes from and how it is spent, individuals can identify patterns, pinpoint areas for improvement, and ensure that they are living within their means. This practice allows for better budgeting, helps in making informed financial decisions, and facilitates the achievement of short- and long-term financial goals.

Moreover, understanding both income and expenses can lead to better savings habits and investment strategies, contributing to financial stability and growth over time. Engaging in this practice fosters accountability and empowers individuals to take charge of their financial health, making adjustments as necessary to align with their goals.