How does budgeting fit into your financial plan? How is your financial plan affected by your spending? What is the budgeting trade off?
Answer to relevant QuestionsWhy might you need to revise your financial plan? Julia is considering trading in her car for a new one. Her new car payment will be $325 per month, and her insurance cost will increase by $60 per month. Julia determines that her other car-related expenses (gas, oil) will ...Discuss how managing liquidity fits into your financial plan. What is the liquidity trade off? You have a $ 7,000 balance on your car loan at 11% interest. Your favorite aunt has just left you $ 10,000 in her will. You can put the money in a money market account at your bank and pay off your car loan, or you can ...In what ways are the Sampsons’ financing and investing decisions related? What should they do in the future before asking advice from investment advisers?
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