JM-M5-CP

In this assignment, you will develop the final element for your Family Resource Packet. In it, you will explore a financial goal that your family has or might want to meet. Some common financial goals that families set are:

• purchasing a house/car
• going on vacation
• paying off a debt
• saving for retirement
• attending college

Download and open the ATTACHMENT provided below:

***RUBRIC***

Long Term Goal

10 possible points (16.67%)

Excellent

A long term financial goal for the project family is identified - 10

Goal Break Down

10 possible points (16.67%)

Excellent

Student breaks down the family's financial goal into a short-term goal and a medium-term goal - 10

Costs

10 possible points (16.67%)

Excellent

Costs (how much to save each day/week/month etc.) are indicated - 10

Resources

10 possible points (16.67%)

Excellent

Resources and/or educational materials needed to reach goal are identified - 10

Additional Steps

5 possible points (8.33%)

Excellent

Other steps needed to reach goal are listed - 5

Issues Indentified

5 possible points (8.33%)

Excellent

Student identifies legitimate issues that may arise - 5

• File: Setting a Financial Goal Worksheet