Retirement planning involves determining how much to save for retirement and how to invest that money.…

You know you need to accumulate some funds for liquidity to meet day-to-day expenses and to…

Insurance planning is a component of your financial plan that determines the types and amounts of…

Major purchases such as cars, houses, and paying for college typically require borrowing money for long…

Liquidity refers to how much readily available cash you have on hand for meeting immediate wants…

Step 1 Budget planning is the process of forecasting future expenses and income. The first step…

Every person is different. Everyone has his or her own personal goals. These can range from…

An understanding of personal finance helps you make informed decisions about your personal situation. Money does…

Every one of you needs to create your own personal financial plan. Figure 1.1 lists expected…