Welcome to Bus 305!
In Chapter 1 we will have an overview of the personal nancial planning process.
We will rst discuss the benets of sound nancial planning. We will then learn how
to set nancial goals and
The average American family pays abut one-third of its gross income in taxes.
Therefore, tax planning is a very important element of a personal nancial planning.
The rst objec>ve of tax planning is to maximize the amo
Chapter 4 and 5 discuss how to manage basic assets. This Chapter is concerned with
cash management, which involves making sure that adequate funds are available for
mee>ng both planned and unplanned expenditures and tha
In Chapter 2 we will study how to use nancial statements and budgets to gauge your
progress towards your nancial goals.
In this chapter we will learn how to prepare personal balance sheet and income and
Purchasing big -cket items, such as automobile or a home, requires much care and
planning. Numerous nonnancial and nancial considera-ons are involved in the
decision. Today we will discuss how to make automobile and hou