Personal Finance Tax Update
Personal Finance Tax Update
13th Edition
ISBN: 9780357438947
Author: E. Thomas Garman; Raymond Forgue
Publisher: Cengage Learning US
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Chapter 3.1, Problem 1CC
Summary Introduction

To Explain: Effective personal financial planning.

Concept Introduction: Financial planning: It helps a person to plan the inflow and outflow of funds properly. Financial planning is the tool from which a person never comes in financial crunch. It includes thinking in advance about how to get funds, where to use it, and by whom it is used.

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