Paper Summary:

The following paper discusses the concept of personal financial planning, including a brief definition of the term. It then gives a short but succinct history of the rise of personal computing, and the Internet, in the late 20th century, and early 21st century. Finally it discusses how the personal computer has impacted personal financial planning, including both positive and negative effects. Several concepts, including budgeting, investing, taxes, personal banking, retirement and estate planning, insurance purchases and career planning are examined.

From the Paper:

"To begin, I will discuss the concept of personal financial planning, including a brief definition of personal financial planning. In simple terms, personal finance planning refers to the process of managing personal assets in order to achieve personal economic satisfaction. Personal financial planning can encompass a wide variety of strategies, including budgeting, investing, insurance, career planning, and perhaps the most obvious of all retirement planning. Given the breadth of personal financial planning, a wide variety of areas must be considered, and several complex and interrelated decisions must be made in the process of individual financial planning. Perhaps not surprisingly, the personal computer has begun to be a key, important tool in the process of personal financial planning.;

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