FIN 420 Week 2 DQ 1

This work of FIN 420 Week 2 Discussion Question 1 shows the solutions to the following points:

Consider your personal cash flows. How would you adjust cash outflows (i.e. adjust your budget) if your household income was cut in half? If your cash inflows increased, how would you reallocate your surplus to meet your personal needs and objectives? How do you use credit as a part of your personal financial plan?