Chapter 1.1, Problem 3CC

What’s one personal finance lesson that you find important?

What specific areas of personal finance interest you the most and why? What aspects of your own personal finances cause your worry or stress and why? What key questions do you have about personal finance that you hope to get answers to?

What are the different aspects of personal finance? Discuss the each of the aspects.

Give one example on an opportunity cost that impacted you personally.    What was the opportunity cost? What was the impact of the choice you made? and How does the concept of opportunity cost impact your future personal finance decisions?

Explain the term, "financial literacy", and its importance in your life and future.

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.

EXPLAIN the importance and process of personal financial planning.

A basic knowledge of finance help you with your personal investments by helping you understand

Why do you need to study Business Finance?