1.How can using personal financial planning tools help you improve your financial situation? Describe changes you can make in at least three areas.

1.How can using personal financial planning tools help you improve your financial situation? Describe changes you can make in at least three areas.

2. Recommend three financial goals and related activities for someone in each of the follow- ing circumstances:
a. A Junior in college
b. A 30-year-old computer programmer who plans to earn an MBA degree

c. A couple in their 30s with two children, ages 5 and 9
d. A divorced 42-year-old man with a 16-year-old child and a 72-year-old father who is ill

3. Explain the life cycle of financial plans and their role in achieving your financial goals.

4. Summarize current and projected trends in the economy with regard to GDP growth, unemployment, and inflation. How should you use this information to make personal financial and career planning decisions?

5. Evaluate the impact of age, education, and geographic location on personal income.

6. Assume that you graduated from college with a major in marketing and took a job with a large consumer products company. After three years, you are laid off when the company downsizes. Describe the steps you’d take to “repackage” yourself for another field.