Questions from Personal Finance


Q: Identify some factors that affect cash inflows.

Identify some factors that affect cash inflows.

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Q: What are the six key components of a financial plan?

What are the six key components of a financial plan?

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Q: List your monthly cash outflows. Will everyone have similar cash outflows

List your monthly cash outflows. Will everyone have similar cash outflows?

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Q: Describe the process of creating an annual budget.

Describe the process of creating an annual budget.

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Q: Suppose you want to change your budget to increase your savings.

Suppose you want to change your budget to increase your savings. What could you do?

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Q: How do you think people who do not create a budget may

How do you think people who do not create a budget may deal with cash deficiencies? How can this affect their personal relationships?

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Q: ABC Stacey would like to have $1 million available to her

ABC Stacey would like to have $1 million available to her at retirement. Her investments have an average annual return of 11%. If she makes contributions of $300 per month, will she reach her goal whe...

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Q: What is a personal balance sheet?

What is a personal balance sheet?

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Q: Angela analyzes her personal budget and decides that she can reduce her

Angela analyzes her personal budget and decides that she can reduce her recreational spending by $50 per month. How much will that increase her annual savings? What will her annual savings be now?

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Q: If Angela is saving $350 per month, what is her

If Angela is saving $350 per month, what is her savings rate (i.e., savings as a percentage of disposable income)?

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