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The process of creating a detailed plan to meet your financial needs and prepare for the future is called: a. Developing goals. b. Personal financial planning. c. Collecting financial information. d. Personal finance.
Weegy: b. Personal financial planning User: Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? (More)
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Asked 4/30/2011 9:17:43 PM
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Step five in the five-step financial planning process discusses the importance of regularly reevaluating and revising your plan because personal circumstances often change. List two life changes that may require you to update your financial plan.
Weegy: 1. Retirement 2. Growing children User: Which step in the five-step financial planning process requires you to organize your financial information, create personal financial statements, and evaluate your current financial position? Weegy: Creating a plan is the step in the five step financial process that requires you to organize your financial information, create personal financial statements, and evaluate your current financial position. User: Which of the following are some benefits of having a college degree that can affect your financial planning? a. The potential to make a higher salary b. Jobs with retirement plans and benefits c. The ability to receive promotions and wage increases d. All of the above (More)
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Asked 4/30/2011 9:22:56 PM
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Which of the following are some benefits of having a college degree that can affect your financial planning?
Weegy: May I know your choices. Well for me the benefits are the ideas are effective and efficient because they already studied it. (More)
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Asked 4/30/2011 9:22:04 PM
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Which step in the five-step financial planning process requires you to organize your financial information, create personal financial statements, and evaluate your current financial position?
Weegy: Creating a plan: The financial plan details how to accomplish your goals. It could include, for example, reducing unnecessary expenses, increasing one's employment income, or investing in the stock market User: how can inflation affect your financial planning Weegy: Inflation always hurts your standard of living. Rising prices means you have to pay more for the same goods and services. If your income increases at a slower rate as inflation, your standard of living declines even if you are making more. [ Inflation's main consequence is a subtle reduction in your standard of living. Inflation doesn't affect everything equally. Gas prices can double while your home loses value. This makes financial planning more difficult. Inflation is really bad for your retirement planning because your target has to keep getting higher and higher to pay for the same quality of life. In other words, your savings will buy less. As a result, you will need to save more today to pay for higher priced goods and services in the future. Since everything you buy today costs more, so you have less left-over income available to save. Inflation has another bad side-effect...once people start to expect inflation, they will spend now rather than later. That's because they know things will only cost more later. This consumer spending heats up the economy even more, leading to further inflation. This situation is known as spiraling inflation because it spirals out of control. Inflation is important if you are holding bonds or Treasury notes. These fixed price assets only give a fixed return each year. As inflation spirals faster than the return on these assets, they become less valuable. As they become less valuable, people rush to sell them, further depreciating their value. As their value becomes lower, the U.S. government is forced to offer higher interest rates to sell them at all. This increases mortgage interest rates ] (More)
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Asked 5/1/2011 4:47:08 AM
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