Answered Essay: How can using personal financial planning tools help you improve your financial situation? Describe changes you can make in at least

Chegg Study Gui × 淘宝网 Solved: Describes × Sign In or Sign Up ct-age-education-geographic-location-personal-i-chapter-1-problem-1FPE-solution-9781285082578-exc TEXTBOOK SOLUTIONS EXPERT Q&A ess / financial accounting / financial accounting solutions manuals/ pfns (with coursemate printed access card) / 3rd edition/chapter with CourseMate Printed Access Card) (3rd Edition pter 1, Problem 1FPE Bookmark Show all steps: ON Problem How can using personal financial planning tools help you improve your financial situation? Describe changes you can make in lat least three areas Step-by-step solution step 1 A financial planning is a dynamic process and by implementing this we can change our needs and financial goals Financial goals are the goals (on resuirs that an individual wants to attain For example buying of a home, constructing a busding and achieving a dnancial independence. Personal financial planning will consider the indvidual financial goals Comment Step 2 (2 , Using personal financial planning toois will help in organizing the finances properly it would help in evaluating their present financial conditions and make efforts to change the present state

How can using personal financial planning tools help you improve your financial situation? Describe changes you can make in at least three areas. A financial planning is a dynamic process and by implementing this we can change our needs and financial goals. Financial goals are the goals (or) results that an individual wants to attain. For example buying of a home, constructing a building and achieving a financial independence. Personal financial planning will consider the individual financial goals.

Expert Answer

 

Solution:-

Personal financial planning tools can help to keep a track of your spending and savings by showing how you have balanced your funds for current and future endeavors.

The three areas where I can make changes are:-

a)Keeping track of how much money I make.

b)Keeping receipts

c)Put away a rainy day fund incase something unexpected happens.

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