Chapter 1.1, Problem 3CC

What is the main idea about personal finance and financial literacy

What are the different aspects of personal finance? Discuss the each of the aspects.

Review the material in Chapter 1 on Personal Financial Planning. 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.

Give one example on an opportunity cost that impacted you personally.    What was the opportunity cost? What was the impact of the choice you made? and How does the concept of opportunity cost impact your future personal finance decisions?

EXPLAIN the importance and process of personal financial planning.

What is personal finance?

What is the relevance of personal financial planning in a daily life of a student? And what is the steps in personal planning process?

What is the meaning of personal finance

Explain what is good to learn about financial literacy?