Learning Objectives
       1.   Explain why personal financial planning is so important.
       2.   Describe the five basic steps of personal financial planning.
       3.   Set your financial goals.
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        Learning Objectives
        4. Explain the personal finance lessons learned in the recent economic 
            downturn.
        5. Explain how career management and education can determine your 
          income level.
        6. Learn ten principles of personal finance.
        7. Understand that achieving financial security is more difficult for 
            women.
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        Introduction
         It’s easier to spend than to save.
         Personal financial planning is an ongoing process—it  changes as your 
           financial situation and position in life change.
         Manage and control your finances with a personal financial plan.
         It helps you achieve financial and lifestyle goals. 
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       Importance of Personal Financial 
       Planning
        Accumulate wealth for special expenses  
        Save for retirement
        “Cover your assets”
        Invest intelligently
        Minimize payments to Uncle Sam
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       Five basic steps to personal financial 
       planning
        1.  Evaluate your financial health
        2.  Define your financial goals
        3.  Develop a plan of action
        4.  Implement your plan
        5.  Review your progress, reevaluate, and revise your plan
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