Category: Personal Finance

Discussion
In chapter 6,
from personal finance 7th edition by jeff madura, we di

Discussion
In chapter 6,
from personal finance 7th edition by jeff madura, we discussed managing your money. Money management involves decisions made over the short term that ensure sufficient funds to cover both expected and unexpected expenses.
Get Ready!
Share Your Thoughts
Original posts should be completed 4 days before the close of the discussion board.
Go to Unit 3 Discussion Forum. You just found out your car needs a new transmission and is going to cost you $2,000 to get it fixed. You don’t have enough money in your savings account to pay for the repairs because you just bought a new 55″ TV. Your credit cards are maxed and you need the car to get back and forth to work. Now you wished you had listened to your parents when they said it is always important to have an emergency fund. Now that you know how important it is to have an emergency fund what are some ways you think you can achieve it? 

Discussion
In chapter 5, we discussed banking and interest rates. Chapter 5 disc

Discussion
In chapter 5, we discussed banking and interest rates. Chapter 5 discusses the various types of depository institutions that offer these services: commercial banks, savings institutions, and credit unions. In addition, the chapter talks about federal interest. 
Get Ready!
To prepare for this Discussion:
Read Chapter 5
Share Your Thoughts
Original posts should be completed 4 days before the close of the discussion board.
Go to Unit 2 Discussion Forum. Discuss five ways that the federal interest affects you and your bank account, and what does that mean for your future financial plans? For example, what if you were wanting to save up money for a new vehicle or a new home? How would the interest rates affect the growth of your savings? Say you have enough money saved up for the down payment on the house what interest rate would you be able to live with for say 15-30 years.