How does budgeting fit into your financial plan? How is your financial plan affected by your spending? What is the budgeting trade-off?
4-Discuss how managing liquidity fits into your financial plan. What is the liquidity trade-off?
6-How can you protect your assets and income? What is the insurance trade-off?
8-What is the retirement account trade-off?
10-What do you think happens to your budget when your financial position changes?
12-In the previous question, you decide to pay off the car loan and invest the difference. Now you no longer have a $350 per month car payment. Suggest some ways you might use these additional funds
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