personal Finance prelim reviewer

process of meeting your life goals through a systematic and disciplined arrangement of your personal finances.

• Personal Financial Planning

• Sound Planning

• S.M.A.R.T

• Financial Chaos

Reward of Sound Planning except.

•    Improving your standard of living

• Spending Money wisely

•   Accumulating Wealth

• Decrease on Liability

S.M.A.R.T?

Target dates in the future when certain financial objectives are expected to be completed

Period covering 6 years out to the next 30 or 40 years

Set each year and cover a 12-month period

Bridge the gap between short- and long-term goals

It is the study of personal and family resources important for achieving financial success

• Finance

• Financial Literacy

• Personal Finance

• None of the Above

Individuals under this stag have advisors or savings plan, debt under control, living within means, building assets

• Financial Security

• Financial Stability

• Financial Freedom

• Financial Chaos

The following are considered assets except:

• Business

• Stock

• Family house

• Car for rent