Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN: 9780357033609
Author: Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher: Cengage Learning
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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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EXPLAIN the importance and process of personal financial planning.
Analyze and explain the benefits of using personal financial planning techniques to manage your finances.
How can using personal financial planning tools help you improve your financial position? Please explain and give examples.
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