It is everything in your life that involves money. Personal Financial planning is arranging to spend, save, and invest money to live comfortably, have financial security, and to achieve financial goals. Everyone has different financial goals. Planning your personal finances is important because it will help you to reach your goals, no matter what they are. BUT, it is up to you to make and follow a financial plan.
- Here are some of the benefits of financial planning:
- You have more money and financial security.
- You know how to use money to achieve your goals.
- You have less chance of going into debt that you cannot handle.
- You can help your spouse and support your children, if you have a family.
Whether you are spending, saving, or investing money, planning can help you to make big or small financial decisions. The financial planning process has six steps to help you reach your goals:
WHAT YOU NEED TO DO: Due: 10/30/15
Create a POST in your BLOG
TITLE: Personal Finance Planning
(This is a POST and is NOT an Embedded Document)
For this post complete the following 5 tasks:
- EXPLAIN Personal financial planning and its importance.
- DESCRIBE the six strategies of financial planning.
- DESCRIBE the factors that affect personal financial decisions.
- EXPLAIN opportunity costs and how they might affect your personal financial decisions.
- LIST six strategies for achieving financial goals.
No comments:
Post a Comment