Personal Finance

What are the benefits and drawbacks of leasing a car rather than owning one?           According to Siegal & Yacht (2009), a car lease is an agreement to long-term rent a car, which also allows you to purchase this car

When is a cash flow budget a useful alternative to a comprehensive budget? Answer in approximately 250 words. First, let’s see what these terms mean. According to Seagal and Yacht (2009), a comprehensive budget includes each area of a financial

What exactly is accounting, and how does it assist you in managing your finances? Describe three accounting and bookkeeping procedures products that are most useful in personal financial planning. How could personal financial software assist you in your personal financial

Complete the Assignment: Personal Finance by Rachel Siegel and Carol Yacht (2009); Page 23. Exercise 2. See below: “Use the S.M.A.R.T. planning model and information in this section to evaluate Alice’s goals (below). a. pay off student loan b. buy

What skills and knowledge do you hope to obtain by taking the Personal Finance course? In the modern world, every part of your life requires some expenses – from daily necessities like food to being able to simply go from

Why is insurance important? Choose two types of insurance and discuss their characteristics.          According to Kagan J. (October 12, 2021), we can define insurance as a contract, which provides individuals or entities with financial protection from the insurance company

What are the causes of budget variances?            First, let’s talk about what a budget variance is. It is a term that we use to describe the situation when the actual costs differ from the standard (and planned) ones. The

What is time value of money? Discuss how the expression “a bird in the hand is worth two in the bush” relate to the concept of the time value of money? What is time value of money? TVM (or Time

Define the financial planning process. List the elements of a good financial plan. Identify and discuss the three most important personal factors and the three most important economic factors that affect your financial planning decisions.         According