PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN: 9781337117005
Author: Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher: Cengage Learning
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Chapter 1, Problem 2FPE
Summary Introduction
To discuss: Reasons for changes in goals and the ways to adopt financial plans as a result.
Financial plans refer to the valuation of the current payment of an individual and the future financial position. It is done by the way of using the variables to
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1. Identify at least 3 personal goals using the SMART guidelines. Financial goals should be specific , measurable, have a definite timeframe, relevant, and imply the action to be taken. Your goals can be short term (less than a year, up to years), mid term (2-5 years), or long term (>5 years).
2. Identify your values and beliefs associated with money, write brief paragraph that identifies your values and belief about money.
3. Research 3 online financial tools or apps that you might use. These might be for budgeting, saving, shopping, coupons etc. describe the app or tool and whether you think you would use it or not. If you are already using online tools or apps, you can explain what you like or don't like about them.
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Based on what you find include in your email what is involved in earning each of the 3 listed designations above?
What main areas do they cover?
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What is the first step she should take to reach her financial goals?
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Chapter 1 Solutions
PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
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