MINDTAP FINANCE FOR GARMAN/FORGUE'S PER
MINDTAP FINANCE FOR GARMAN/FORGUE'S PER
13th Edition
ISBN: 9781337288347
Author: FORGUE
Publisher: CENGAGE LEARNING - CONSIGNMENT
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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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Define personal financial planning, list the six steps of financial planning
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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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