3-4 page paper in APA format answering the questions. Need it 02 November 2015 by 3 PM EST. Short notice so if you can’t get it in that time frame don’t bother. Just needs to be general knowledge.
Economics plays a role in personal finance. Describe the role that economics plays in your personal financial plan. Also, the use of credit plays an important role in a personal financial plan. Describe the advantages and disadvantages of credit and explain how you will use it as part of your financial plan. Specifically address the following required elements:
– Explain the role the government plays in personal finance (focus on regulations, laws, economic policy, etc.).
– Explain the role of government assistance in personal finance (describe what type of assistance is available).
– Explain the impact of the tax system on personal finance (how do various taxes impact you on a personal level, related to your financial plan).
– Discuss basic economic data, how to access it, and how it can be used to make decision and plan for the future.
– Discuss the use of credit.
– Explain the cost of credit.
– Determine the sources of credit available (where can you get credit, advantages and disadvantages of the types).
– Identify the types of credit that you will use as you develop your budget and financial plan (what types and why)
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