Here is the first DQ of Week 1. Remember that your responses to the DQs should be at least 150 words in length.
Refer to Figure 1-1 of Personal Finance. List the five steps in the personal financial planning process. What questions might you ask yourself in Step 1? DQ 1.1
Here is the second DQ of Week 1.
Refer to Figure 1-1 of Personal Finance. There are five steps in the personal financial planning process. What questions might you ask yourself when you are creating a plan? Share at least two, as well as explaining at what step would you ask that question.
Here is the third DQ of Week 1.
Setting Goals is one of the five steps of the financial planning process. Refer to Section 1.2 of Personal Finance which discusses the changing needs over the Life Cycle. What financial goals may be important for a family? What is a goal that is important to you? How will this goal will influence your future financial planning?
Here is the fourth DQ of Week 1.
Refer to Section 1.3 of Personal Finance. Which part of the comprehensive financial plan do rent and food fall under? What about life insurance, long-term care insurance, and estate planning; which section of the comprehensive plan do these fall under?
Here is the fifth DQ of Week 1.
Watch the video, Decision to Own a Home vs. Rent, located at the following link: https://ecampus.phoenix.edu/secure/aapd/materials/videos/FP101.html
Tom and Tammy Jones have been renting a house for 5 years. They have been saving money to buy a house for their family and have over half of the down payment set aside. The house the Jones have been living in has been sold and they are trying to figure out what to do. They are considering the following options:
• Move in with Tom’s parents, who live nearby. With the low room and board they will pay, they should be able to buy a house within a year....
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