Personal Finance Ch. 1a Study Notes
Student ID: _
Influences on Developing Personal Financial Goals:
- short term < _ year
- intermediate _ years
> _ years
- i_ rates reflect the
demand for money
Personal Finance Ch. 4
Banking Services and Financial Institutions
Common mistakes in managing cash include
Sources of Quick Cash
as a result of impulse buying and using credit cards.
1 Raid your s_, GIC, mutual funds, etc.
Personal Finance Ch. 1
Personal Financial Planning: An Introduction
Time Value of Money - See also Appendix 1B
Future Value (FV) of a Single Amount
- how much a
will grow to at a
Personal Finance Ch.10
Fundamentals of Investing
Set Investment Goals
Financial goals should be s_ and m_ and tailored to your particular financial needs.
From pg. 294 and 295, read the 9 evaluation questions and choose 2 that you wouldn't have th
Personal Finance Ch. 2
Money Management Strategy: Financial Statements and Budgeting
Components of Money Management
personal financial records and documents
1 List items of _ or
2 List items you _ or
3 Calculate _ _
Personal Finance Ch. 5
Introduction to Consumer Credit
What are 3 advantages of consumer credit?
Two Types of Consumer Credit
What are 2 examples of consumer loans?
What are 5 ways to protect yourself from Debit/
Personal Finance Ch. 9
Life, Health, and Disability Insurance
Life insurance is obtained by purchasing a p_, with the insurance company promising to pay a lump sum to the person specified
(_) at the time of the insureds death, or sometimes while t
Personal Finance Ch. 3
Planning your Tax Strategy
Four types of taxes
Almost _ % of the money you earn goes to the government.
Five steps to figuring out how much income tax you owe.
- Other i
Personal Finance Ch. 6
Choosing a Course of Credit: The Cost of Credit Alternatives
Sources of Consumer Credit
Parents and family members.
Loans based on assets, such as a GIC. Typical rates:
Chartered banks, trust companies and credit
Personal Finance Ch. 8
Home and Automobile Insurance
Most common risks are:
P_ risks (loss of income, premature death)
P _ risks (direct damage to assets)
L_ risks (loss due to injury or harm to others)
Risk Avoidance means to avoid
Best Buy Company, Inc.
March 29, 2012
With deep regret, this letter is being sent to notify you that Best Buy Company, Inc. will
be permanently closing 50 stores in the United States as part of a major restructuring plan
to reduce costs. Ap