Question: Why is it important to integrate the components of your
Why is it important to integrate the components of your financial plan?
Answer to relevant QuestionsDefine personal financial planning. What types of decisions are involved in a personal financial plan? How can an understanding of personal finance benefit you? In the previous question, you decide to pay off the car loan and invest the difference. Now you no longer have a $ 350 per month car payment. Suggest some ways you might use these additional funds. How does budgeting fit into your financial plan? How is your financial plan affected by your spending? What is the budgeting trade off? Judy has just received $ 12,500 as an inheritance from her uncle and is considering ways to use the money. Judy’s car is one year old, and her monthly payment is $ 304. She owes 48 more payments. The amount to pay off the ...
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