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Develop a personal budget as part of a financial plan. As part of this budget you should address the following required elements: |
Identify personal financial goals as a start for a personal financial plan (short-term, intermediate-term, long-term, opportunity cost) |
Identify inflows of cash (use spending diary) |
Identify outflows of cash (use spending diary) |
Outline a cash flow plan (interpret data and develop a plan) |
Construct personal financial statements |
Construct a budget (interpret data a develop a plan to meet short-term goals, at a minimum) |
The student addressed the problem and came up with logical solutions using the 5-step problem solving process. The student had a response/suggestion for each of the 5 steps in order to come to a conclusion.
10 years ago
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