Business, 03.04.2021 05:10 chasadyyy

Benefits about having personal finance

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The benefits of personal finance include an ability to effectively budget for costs, higher savings rates for retirement, and making prudent investment choices that will help the individual reach his or her financial goals.

Answer from: ICAMARON632

1. It will help you get out of debt

2. It gives you a piece of mind, which is being more smarter than you already are

3. It would help you develop a abundance mindset

4. When you plan with a purpose and manage your money effectively, you will actually have REAL money, if that makes sense

5. You will have higher savings rates for retirement

Explanation:

In my opinion, there are no disadvantages of financial planning. When you give every dollar a purpose and a mission, your attitude towards money will change and you’ll find yourself becoming more intentional with your decisions.

Answer from: Quest

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Answer from: Quest

How can we answer it? we need more info on the question lol.

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