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Conclusion Math

This document discusses the importance of personal financial planning, budgeting, and financial management. It states that personal financial planning involves projecting finances far into the future to safeguard against unexpected life events, while budgeting creates a spending plan to determine if funds will cover expenses. The document also notes that higher down payments on loans reduce monthly payments and total interest costs. Finally, it concludes that financial management, which includes monitoring, controlling and reporting on financial resources, is necessary for any business to succeed as it allows understanding and control of cash flow and key metrics to ensure efficient and profitable operations.

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Yenny Tsen
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162 views1 page

Conclusion Math

This document discusses the importance of personal financial planning, budgeting, and financial management. It states that personal financial planning involves projecting finances far into the future to safeguard against unexpected life events, while budgeting creates a spending plan to determine if funds will cover expenses. The document also notes that higher down payments on loans reduce monthly payments and total interest costs. Finally, it concludes that financial management, which includes monitoring, controlling and reporting on financial resources, is necessary for any business to succeed as it allows understanding and control of cash flow and key metrics to ensure efficient and profitable operations.

Uploaded by

Yenny Tsen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

CONCLUSION

In conclusion, personal financial planning means a comprehensive plan that


projecting many years into the future. Have a financial plan can safeguards us against life’s
surprises. On the other hand, budgeting means the process of creating a plan to spend our
money. Creating this spending plan allows us to determine in advance whether we will have
enough money to do the things we need to do or would like to do. The higher the down
payment, the less the buyer will need to borrow to complete the transaction, the lower their
monthly payments and the less they will pay in interest over the long term. Down Payment
helps reduce our monthly payment amount and total loan repayment. The longer the monthly
repayment period, the less amount of loan that we will pay each month. Period of loan will
become more longer. Financial management is all about monitoring, controlling, protecting,
and reporting on a company's financial resources. To conclude, financial management is a
necessary component of any business's success. By understanding and controlling our cash
flow and other key financial metrics, we can ensure that our life runs efficiently and
profitably. Have a good financial management, we can afford our financial goal without
worrying about other financial problem.

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