1. Comparing Financial Planning Actions. Survey friends, relatives, and others to determine the…

1. Comparing Financial Planning Actions. Survey friends, relatives, and others to determine the process they use when making financial decisions. How do these people measure risk when making financial decisions?

2. Using Financial Planning Experts. Prepare a list of financial planning specialists (investment advisers, credit counselors, insurance agents, real estate brokers, tax preparers) in your community who can assist people with personal financial planning.  

3. Setting Financial Goals. Using Sheet 3 in the Personal Financial Planner, create one short-term and one long-term goal for people in these life situations:

 (a) a young single person,

(b) a single parent with a child age 8,

(c) a married person with no children,

 (d) a retired person.

 4. Analyzing Changing Life Situations. Ask friends, relatives, and others how their spending, saving, and borrowing activities changed when they decided to continue their education, change careers, or have children.