How excessive spending prevent effective financial planning

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Reference no: EM131299946

1. Life Insurance. How does life insurance protect your wealth? Who needs life insurance?

2. Impact of Spending on Financial Planning. Explain how excessive spending can prevent effective financial planning.

3. Interest Savings. Judy has just received $12,500 as an inheritance from her uncle and is considering ways to use the money. Judy's car is one year old, and her monthly payment is $304. She owes 48 more payments. The amount to pay off the loan is $12,460. How much will Judy save in interest if she pays off her car loan now?

Reference no: EM131299946

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