Chapter Reflection & Application

Study the textbook “Personal Finance” by Vickie Bajtelsmit for each chapters and any of the supplemental materials. When you have reflected on the completed chapter, write a short minimum 400 words essay for each chapter. Describing your thoughts and how this material applies to your life now or how it might apply in the future. Think about what you’ve done, what you’ve learned, and how it could apply to your life.  What from the topic do you want to be sure to remember in the future?  Are there any personal goals that you’ve identified?  Are there any habits you need to change? Is there anything about your financial life you need to change?Chapter 1. The Financial Planning ProcessChapter 2. Financial Planning Tools, Personal Financial Statements, and the Time Value of MoneyChapter 3. Budgeting and Cash ManagementChapter 4. Tax PlanningChapter 5. Managing Credit Cards and Consumer LoansChapter 6. Making Automobile and Housing DecisionsChapter 7. Insuring Cars and HomesChapter 8. Life Insurance and Long Term Care PlanningChapter 9. Employee Benefits, Health, Disability, and RetirementChapter 10. Saving for Distant Goals – Retirement and Education FundingChapter 11. The Fundamentals of InvestingChapter 12. Investing in Stocks and BondsChapter 13. Investing in Mutual Funds and Real EstateChapter 14. Estate Planning