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Ch 13: Financial Planning for Personal Life Situations

About This Chapter

Review this chapter to spur your memories concerning financial planning strategies for personal life situations. The article-style lessons can remind you how family types, career transitions, and health concerns may influence planning decisions.

Financial Planning for Personal Life Situations - Chapter Summary

While there are many different aspects of financial planning, this chapter has been designed to give you a recap concerning the personal life situations that may affect financial planning decisions. Our instructors explain how different living situations alter financial plans, such as how the financial plans of a single person compare to those of a married person with children. The lessons will provide details about the financial planning considerations individuals must think about throughout their lives, which may include:

  • Family status
  • Net worth
  • Level of income
  • Stages of life
  • Potential life circumstances

Make the lessons in this chapter into your personalized set of test prep notes. Each article-style lesson, as well as video lesson transcripts, are conveniently organized with the use of headers that highlight larger concepts. The information presented in each lesson moves in a linear fashion, allowing you to re-build your knowledge in a way that makes sense. Also, for quick reviews, our lesson format makes it easy to scan over major topics and bold vocabulary terms.

As you read through the lessons, you may notice that some of the terms have been hyperlinked to lessons outside of this chapter. Our instructors have done this deliberately to guide you to related lessons that may provide you with essential background information. Of course, you don't have to check out this additional information. We simply want to give you everything you need to make yourself as ready as possible for any upcoming tests.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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