What do you think happens to your budget when your financial position changes?
Answer to relevant QuestionsWhat are the six steps in developing a financial plan? How is your net worth calculated? Why is it important? Sandy and Phil have recently married and are both in their early 20s. In establishing their financial goals, they determine that their three long-term goals are to purchase a home, to provide their children with a college ...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 ...Explain how the Sampsons’ budgeting affects all of their other financial planning decisions.
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