H o w m a y u s i n g p e r s o n a l f i n a n c i a l p l a n n i n g t o o l s h e l p y o u e n h a n c e y o u r f i n a n c i a l c i r c u m s t a n c e s a n d s i t u a t i o n ? D e s c r i b e w h a t c h a n g e s y o u ca n m a k e t o a t l e a s t t h r e e a r e a s . D e s c r i b e w h a t c h a n g e s y o u c a n m a k e t o a t l e a s t t h r e e a r e a s . R e c o m m e n d t h r e e f i n a n c i a l g o a l s a n d r e l a t e d a c t i v i t i e s f o r s o m e o n e i n e a c h o f t h e f o l l o w i n g c i r c u m s t a n c e s : 3 r d y e a r i n c o l l e g e 2 5 - y e a r o l d b a n k e m p l o y e e w h o p l a n s t o p u r s u e a m a s t e r ' s d e g r e e C o u p l e i n t h e i r 3 0 s w i t h t w o k i d s , a g e s 3 a n d 6 4 5 - y e a r - o l d l a d y w h o h a s b e e n d i v o r c e d o r a n n u l l e d , w i t h a 1 5 - y e a r - o l d c h i l d , a n d a s i c k 7 5 - y e a r - o l d m o t h e r .
H o w m a y u s i n g p e r s o n a l f i n a n c i a l p l a n n i n g t o o l s h e l p y o u e n h a n c e y o u r f i n a n c i a l c i r c u m s t a n c e s a n d s i t u a t i o n ? D e s c r i b e w h a t c h a n g e s y o u ca n m a k e t o a t l e a s t t h r e e a r e a s . D e s c r i b e w h a t c h a n g e s y o u c a n m a k e t o a t l e a s t t h r e e a r e a s . R e c o m m e n d t h r e e f i n a n c i a l g o a l s a n d r e l a t e d a c t i v i t i e s f o r s o m e o n e i n e a c h o f t h e f o l l o w i n g c i r c u m s t a n c e s : 3 r d y e a r i n c o l l e g e 2 5 - y e a r o l d b a n k e m p l o y e e w h o p l a n s t o p u r s u e a m a s t e r ' s d e g r e e C o u p l e i n t h e i r 3 0 s w i t h t w o k i d s , a g e s 3 a n d 6 4 5 - y e a r - o l d l a d y w h o h a s b e e n d i v o r c e d o r a n n u l l e d , w i t h a 1 5 - y e a r - o l d c h i l d , a n d a s i c k 7 5 - y e a r - o l d m o t h e r .
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
- H o w m a y u s i n g p e r s o n a l f i n a n c i a l p l a n n i n g t o o l s h e l p y o u e n h a n c e y o u r f i n a n c i a l c i r c u m s t a n c e s a n d s i t u a t i o n ? D e s c r i b e w h a t c h a n g e s y o u ca n m a k e t o a t l e a s t t h r e e a r e a s . D e s c r i b e w h a t c h a n g e s y o u c a n m a k e t o a t l e a s t t h r e e a r e a s .
- R e c o m m e n d t h r e e f i n a n c i a l g o a l s a n d r e l a t e d a c t i v i t i e s f o r s o m e o n e i n e a c h o f t h e f o l l o w i n g c i r c u m s t a n c e s :
- 3 r d y e a r i n c o l l e g e
- 2 5 - y e a r o l d b a n k e m p l o y e e w h o p l a n s t o p u r s u e a m a s t e r ' s d e g r e e
- C o u p l e i n t h e i r 3 0 s w i t h t w o k i d s , a g e s 3 a n d 6
- 4 5 - y e a r - o l d l a d y w h o h a s b e e n d i v o r c e d o r a n n u l l e d , w i t h a 1 5 - y e a r - o l d c h i l d , a n d a s i c k 7 5 - y e a r - o l d m o t h e r .
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