CHAPTER 1 Instructor Manual and Solutions The Financial Planning Process LEARNING OBJECTIVES LO 1.1 Describe the personal financial planning process, and explain how the elements of a comprehensive financial plan fit together. LO 1.2 Describe how individual characteristics and economic factors influence personal financial planning. LO 1.3 Create a prioritized list of short-term and long-term personal financial goals. LO 1.4 Know when and how to find qualified financial planning professionals. LO 1.5 Consider opportunity costs and marginal effects in making personal finance decisions. SUGGESTED COURSE PLAN The first chapter can typically be covered easily in one week out of a typical 15-16 week semester. A suggested course plan for a class that meets twice per week: Class Period Topic and Reading Assignment (by Learning Objective) Suggested WileyPLUS Pre-Class Assignments WileyPLUS Resources to Use in Class Personal Financial Planner Assignment WileyPLUS Homework Assignment 1 Ch 1 The Financial Planning Process Read LO1.1 PFP Process, LO1.2 Factors Affecting PFP Register in WileyPLUS DP 1.1 Percentage Change Reflection Question 1: Effects of Inflation Money Attitudes (PFP 1.1) Interactive: Financial Literacy Quiz 2 Ch 1 Financial Decision-making Strategies Read LO1.3 Setting Goals LO1.4 Financial Professional LO 1.5 Decisionmaking Discussion 1.2: Impact of Inflation Interactive: Decisionmaking Style Reflection Question 2: Decision-making style Goal Setting (PFP 1.3 and PFP 1.4) Chapter 1 Homework: R:2- 3,6; P:1-2,11 Adaptive Practice Ch 1 File-based assignments for each of the Personal Financial Planning Worksheets have been set up in WileyPLUS so that you can easily assign these.