Which of the following is NOT a factor to consider in financial planning?

In financial planning, it is essential to consider various factors that influence your financial situation and future goals. The ages of children can impact budgeting for their education and other expenses. Interest rates available are critical as they affect borrowing costs and potential investment returns. Career goals are fundamental, as they often dictate income potential and future financial stability.

Your favorite hobby, while an important aspect of personal fulfillment, does not directly influence the financial planning process in terms of budgeting, saving, investing, or achieving long-term financial goals. Hobbies can be funded as part of discretionary spending, but they do not have the same impact on financial strategies as the other factors listed. This makes it the factor that is least relevant in the context of comprehensive financial planning.