1.3 - Flexible financial planning Flashcards
1
Q
Financial planning
A
Planning future expenditure and deciding how this will be financed
2
Q
What does it mean if a financial plan is flexible?
A
They have made allowance for unexpected expenses and changes in circumstances
3
Q
How people decide to finance expenditure will depend on:
A
- Anticipated future income
- Attitudes to savings, borrowing and other financial products
