Please answer all the questions above based on the mark that is stated on the question.

What would be the implications of 'emotional spending'. What are the ways to curb 'emotional spending'? The second step in personal financial planning is setting or defining your financial goals. How would you go about in setting the goals? Define the term credit and briefly describe what is meant by the term open or revolving credit. When listing your financial goals, saving for an emergency fund is mandatory. Briefly explain the main purpose for the fund