Glencoe Personal FinanceCopyright © by The McGraw-Hill Companies, Inc. All rights reserved. End of.
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Glencoe Personal FinanceCopyright © by The McGraw-Hill Companies, Inc. All rights reserved. Personal Financial Decisions Personal Financial Planning personal financial planning Your Goals Section 1Financial Decisions and Goals Personal Financial Planning goals Chapter 3
Transcript of Glencoe Personal FinanceCopyright © by The McGraw-Hill Companies, Inc. All rights reserved. End of.
Glencoe Personal Finance Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
End of
Glencoe Personal Finance Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
Chapter3
Personal Financial Planning
Why is it important to learn now how to plan for your financial future?
Glencoe Personal Finance Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
Personal Financial Decisions
PersonalFinancial Planning
personal financial planning
Your Goals
Section 1 Financial Decisions and Goals
Personal Financial Planning
goals
Chapter3
Glencoe Personal Finance Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
Developing Personal Financial Goals
Section 1 Financial Decisions and Goals
Personal Financial Planning
Short-Term Goals
Intermediate Goals
Long-Term Goals
Chapter3
Glencoe Personal Finance Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
Developing Personal Financial Goals
Section 1 Financial Decisions and Goals
Personal Financial Planning
Tips for Setting Your Financial Goals
Be _______________ Be _______________
Have a cleartime frame
Know what type of action to take
Chapter3
Glencoe Personal Finance Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
Personal Financial Decisions
Section 1 Financial Decisions and Goals
Personal Financial Planning
Benefits of Planning
Increased effectiveness in managing
financial resources
Debt avoidance
and reduced dependence
on others
A sense of
freedom from
financial worries
Chapter3
Glencoe Personal Finance Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
Personal Financial Decisions
Section 1 Financial Decisions and Goals
Personal Financial Planning
Determine Your Current Financial Situation
Savings
Debts
Chapter3
Glencoe Personal Finance Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
Personal Financial Decisions
Section 1 Financial Decisions and Goals
Personal Financial Planning
Develop Your Financial Goals
Think about your financial goals
Do your personal values affect your
financial decisions?
What are your needs?
What are your wants?
values
Chapter3
Glencoe Personal Finance Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
Personal Financial Decisions
Section 1 Financial Decisions and Goals
Personal Financial Planning
Identify Alternative Courses of Action
Continue the same course of action
Expand the current situation
Chapter3
Glencoe Personal Finance Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
Developing Personal Financial Goals
Section 1 Financial Decisions and Goals
Personal Financial Planning
a task that a person or machine performs for you
physical item that is produced and can be weighed or measured
Chapter3
Glencoe Personal Finance Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.
Influences on Personal Financial Planning
Section 1 Financial Decisions and Goals
Personal Financial Planning
ConsumerPrices
ConsumerSpending
InterestRates
Economic Conditions
consumer
Interest
Chapter3
