PFIN 7:STUDENT EDITION-TEXT
7th Edition
ISBN: 9780357033616
Author: Billingsley
Publisher: CENGAGE L
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Question
Chapter 1, Problem 2LO
Summary Introduction
To discuss: Process of personal financial planning and defining financial goals.
Personal financial planning is a systematic process of considering important elements individual’s financial affairs and aimed to fulfil their financial goals.
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Students have asked these similar questions
EXPLAIN the importance and process of personal financial planning.
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.
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Similar questions
- Examine the economic environments influence on personal financial planning.arrow_forwardHow can using personal financial planning tools help you improve your financial position? Please explain and give examples.arrow_forwardDefine personal financial planning, list the six steps of financial planningarrow_forward
- Define the financial planning process. List the elements of a good financial plan.arrow_forwardWhat are the requirements for Personal Financial Planning Engagements?arrow_forwardWhat is the relationship between strategic planning and financial planning? How do you do strategic planning and financial planning for your own personal finances?arrow_forward
- Discuss the role that investing plays in the personal financial planning process and identify seven different investment objectives.arrow_forwardfinancial planning step give an example of Create and implement your financial action plan.arrow_forwardWhich 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 datearrow_forward
- Using this template, formulate and create a minimum of three SMART goals related to these aspects of personal financial planning. For each goal, also identify why this is an important financial goal for you at this time. Career planning and development Spending plan/cash flow analysis Tax planning Savings and investing Use of creditarrow_forwardFor each of the following categories of information required for a comprehensive financial plan, describe in your own words the information that must be gathered: o Retirement Planning o Estate Planning o Risk Management o Employee Benefits o Family Planning o Educational Planningarrow_forwardPersonal financial management topics.( Investment)arrow_forward
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