Pretend that you are your own financial planner and write a one to two page doub

Question

Pretend that you are your own financial planner and write a one to two page double spaced letter to yourself addressing at least two of the three learning goals of this lesson.

Learning Goals

1. Identify opportunities and challenges related to your cash inflows and outflows and make recommendations to assist yourself in meeting your current needs and long-term financial goals.

2. Explain the need for liquid assets and emergency funds and recommend strategies for accumulating the appropriate levels of funds.

3. Calculate savings required to meet financial goals and recommend how to incorporate planned savings into your cash flow plan.

Explanation / Answer

1)Opportunities & challenges for cash inflows & outflows:

Recommendations:

These are required for both individuals & household people for the following reasons:

Strategies for accumulating funds:

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