[Management and Organizational Studies 2277A/B] - Final Exam Guide - Everything you need to know! (50 pages long)

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2277A/B
• Professor: Barry Hawn

Document Summary

Personal finance (personal financial planning): process of planning your spending, financing, and investing activities, while taking into account uncontrollable events, such as death or disability, in order to optimize your financial situation over time. Canadians rely too much on credit and have excessive debt: which affects your ability to achieve important financial goals. Per capita debt: amount of debt each individual in canada would have if total debt (consumer debt plus mortgages) was spread equally across the population. Judge the advice of financial advisers personal financial planning process will enable you to make informed decisions about your spending, saving, financing and investing. Must adhere to a professional code of ethics that requires you to act in an ethically and professionally responsible manner in all services and activities. Meeting these requirements allows you to be identified by clients as an adviser who is dedicated to a high level of professionalism. Establish good money management habits; establish credit rating.