Part 1
Discuss the following:
How can you utilize financial ratios in your personal finances?
Why is it important for you to be aware of your personal financial ratios?
How can ratios help you with your personal goals?
Part 2
How can you utilize capital budgeting techniques in your personal finances to determine whether an investment is a good idea?
Give an example of a personal purchase or a small business investment venture.
Do you think that you made a good investment of your hard-earned capital?
Could the capital budgeting techniques in this lesson have helped you with the decision?
Part 3
There are many circumstances in which the principles of the 5 Cs of credit can be applied.
Utilizing the company that you work for or a company that you are familiar with, name one of the 5 Cs of credit, and discuss how it would come into play in the workplace.
How can you use this C in situations that occur in your personal life?