Name_________________________
HOMEWORK PROBLEMS
Chapter 22, Integrating the Components of a Financial Plan
1. What is meant by the budgeting trade-off?
2. Explain the liquidity trade-off.
3. What is the personal financing trade-off?
4. What impact does the insurance trade-off have on your financial planning?
5. Explain fully the investment trade-off.
6. What factors must be considered in the retirement account trade-off decision?
Homework Problems to accompany Personal Finance, Third Edition by Jeff Madura
7. List at least two documents that you might wish to place in a safe or safety deposit
box for each of the following categories:
A. Liquidity
B. Financing
C. Insurance
D. Investments
E. Retirement and estate planning
8. Write a long-term strategy for managing your liquidity using the one shown in the
text as a guide.
9. Write a long-term strategy for investing.
10. Prepare a long-term strategy for your retirement contributions.
Homework Problems to accompany Personal Finance, Third Edition by Jeff Madura