PFIN 7:STUDENT EDITION-TEXT
7th Edition
ISBN: 9780357033616
Author: Billingsley
Publisher: CENGAGE L
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Question
Chapter 1, Problem 1FPE
Summary Introduction
To discuss: Ways of utilising personal financial planning tools to improve the financial situation and the changes to be made in at least 3 areas.
Personal financial planning is a systematic process of identifying significant elements of individual’s financial conditions in order to fulfil the goals.
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Analyze and explain the benefits of using personal financial planning techniques to manage your finances.
Review the material in Chapter 1 on Personal Financial Planning.
Define the financial planning process
List the elements of a good financial plan.
Identify and discuss the three most important personal factors and the three most important economic factors that affect your financial planning decisions.
Which of the following statements constitutes a definition of a financial plan?
Group of answer choices
Results that an individual wants to attain
2. A roadmap for achieving financial goals
3. Redefining your financial goals
4. Setting a goal date
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