I first experienced culture shock when moving to Canada in 2004 (as mentioned in
activity 1 post). I moved from U.A.E (United Arab Emirates) and the two cultures are
very different from each other in general. I had trouble adapting to Canadas
OPPORTUNITY COSTS AND THE TIME VALUE OF MONEY
Determine personal and financial opportunity costs associated with personal financial decisions.
Have you noticed that you always give up something when you make choices? In every financial decision,
LO1Define consumer credit and analyze its advantages and disadvantages.
LO2Differentiate among various types of credit.
LO3Assess your credit capacity and build your credit rating.
LO4Describe the information cr
DEVELOPING PERSONAL FINANCIAL GOALS
Develop personal financial goals.
Since Canada is among the richest countries in the world, it is difficult to understand why so many Canadians
have money problems. The answer seems to be the result of two main fact
THE FINANCIAL PLANNING PROCESS
Analyze the process for making personal financial decisions.
Everywhere you turn, someone is talking about money. When it comes to handling your finances, are you an
explorer, someone who is always searching through unch
ACHIEVING FINANCIAL GOALS
Identify strategies for achieving personal financial goals for different life situations.
Throughout life, our needs usually can be satisfied with the intelligent use of financial resources. Financial
planning involves decidi
THE INFLUENCE OF ECONOMIC FACTORS ON PERSONAL FINANCIAL PLANNING
Assess economic factors that influence personal financial planning.
Daily economic activities are another important influence on financial planning. In our society, the forces of
CHAPTER 1 Personal Financial Planning: An Introduction
CHAPTER 2 Money Management Strategy: Financial Statements and Budgeting
CHAPTER 3 Planning Your Tax Strategy
LO1Analyze the process for making personal
SUMMARY OF LEARNING OBJECTIVES
LO1Analyze the process for making personal financial decisions.
Personal financial planning involves the following process: (1) determine your current financial
situation; (2) develop financial goals; (3) identify alternativ