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Explain the life cycle of financial plans and their role in achieving your financial goals.
To achieve these and other goals, people need to identify and set priorities. [ Financial and personal satisfaction are the result of an organized process that is commonly referred to as personal money management or personal financial planning. Personal financial planning is the process of managing your money to achieve personal economic satisfaction. This planning process allows you to control
your financial situation. Every person, family, or household has a unique financial position, and any financial activity therefore must also be carefully planned to meet specific needs and goals. ]
Expert answered|MrG|Points 4373|
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Asked 7/19/2013 2:02:04 PM
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What role do you think changing economic conditions (inflation, interest rates, consumer spending) play in financial planning?
Weegy: Consumer Spending Total demand for goods and services in the economy influences employment opportunities and the potential for income. As consumer purchasing increases, the financial resources of current and prospective employees expand. [ This situation improves the financial condition of many households. In contrast, reduced spending causes unemployment, since staff reduction commonly results from a company’s reduced financial resources. The financial hardships of unemployment are a major concern of business, labor, and government. Interest rates affect your financial planning. The earnings you receive as a saver or an investor reflect current interest rates as well as a risk premium based on such factors as the length of time your funds will be used by others, expected inflation, and the extent of uncertainty about getting your money back. InflationA rise in the general level of prices is a rise in the general level of prices. In times of inflation, the buying power of the dollar decreases. For example, if prices increased 5 percent during the last year, items that cost $100 one year ago would now cost $105. This means it now takes more money to buy the same amount of goods and services. ] (More)
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Asked 7/15/2013 3:41:25 PM
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what are some of the expectations a new hire can look forward to when starting a new job?
Weegy: Every time you get a new job, you go through it… The elation and excitement come first. It's the "Oh my gosh, I can't believe I got it!" feeling. [ You go out and celebrate with family and friends, and you're excited about all the new possibilities before you. After that, however, the panic begins. This is the "Oh my gosh, what if I can't do the job?" feeling. You start to get nervous about your new responsibilities, the new corporate culture, and the new people with whom you'll be working. While starting a new job can be a stressful experience, this important transition doesn't have to be full of tension and anxiety. With the right strategies and with a positive outlook, stepping into your new role can be exciting and enjoyable. ( ] (More)
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Asked 7/17/2013 5:45:06 PM
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Why is the job search process a cycle rather than a series of steps?
Weegy: The job search process a cycle rather than a series of steps because this will allow you to constantly evolve the actions you take while performing the job search cycle as you need to due to going after different opportunities. [ Approaching your job hunt in the job search cycle way will make the sometimes daunting task of finding a job just a bit easier on you. Article Source: ] (More)
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Asked 7/17/2013 11:46:55 PM
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Why is it important to set up a system to organize, manage, and track your job search? What tools will you use? How will you get started?
Weegy: Create tracking sheets for your activities. [ The basic categories on a job search tracking sheet are: Company name/address Position applied for Contact person Contact telephone number Method of contact Date of contact Follow-up activities Comments section You also need a calendar planner. When you are talking to an employment contact, you can see times, dates, scheduled meetings, and other job search activities. After each job search activity you should immediately complete a tracking sheet and log any new events in the calendar planner. The most important aspect of an "active" tracking system is that it keeps you up to date on what tasks need to be accomplished. A tracking system should not be a historical record of why you do not have a job. Click the link for more details: ] (More)
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Asked 7/17/2013 11:54:05 PM
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How will your Career Management Files Tracker help you organize your job search? Why should you keep your tracker up to date throughout your career?
Weegy: To help you assess your learning and prepare for success in your job search career, you will develop a Career Management Files Tracker, a 3-ring binder for collecting, organizing, and updating career information. [ The Career Management Files Tracker will become a personal record of your job search experience and are source you can use when seeking a promotion, a new job, or a career change. Career Management Files Tracker should be kept up to date throughout your career because: It's critically important to manage your job search and to be able to respond immediately to job openings you're qualified for, to inquiries from employers, and to be able to follow up on jobs you've applied to and contacts you have outreached to. These job search management solutions will help you effectively job search. ] (More)
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Asked 7/18/2013 12:51:34 PM
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