Assignment1_082267

Assignment1_082267 - BA250 Personal Finance Assignment 1 18...

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BA250 Personal Finance Assignment 1 18 March 10 Chapter 1 Review Questions Pg. 24 1. Financial planning and money management can be challenging for most people because most people lack the personal discipline to not spend what they don’t have, and to save for major purchases. Today’s society tends to lean more towards credit and living paycheck to paycheck as opposed to putting off the things that we want until we save enough money to purchase those items. Parents teaching their kids at an early age can help curb this problem for future generations. 6. Reviewing progress, reevaluating, and revising your plan reveals that financial planning is an ongoing process because as your situation in life changes your financial obligations and goals also change. Changes in the work environment, marriage, childbirth, and college are all good examples of major situations that can bring changes to your budget. Even smaller financial requirements like the increased use of electricity in the summer for air conditioning can bring larger electric bills that the budget must be adjusted to accommodate. 9.
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This note was uploaded on 01/19/2011 for the course BA 250 taught by Professor None during the Spring '10 term at Grantham.

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Assignment1_082267 - BA250 Personal Finance Assignment 1 18...

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