Personal Financial Plan Age 25 through retirement

Exceptional

Acceptable

Minimum Effort

Points Earned

Cover Page

Contains graphic/illustration, name of project, your name, course name, and semester; creativity is evident

(5 points)

Contains name of project, your name, course name, and semester

(3-4 points)

Contains some of the following: name of project, your name, course name, and semester

(0-2 points)

Career Planning

Describe life situation providing details related to marital status, children, occupation, and income.  Investigate career.  Determine annual salary.  If married, provide spouse’s. Include salary wizard information.

(9-10  points)

Describe life situation providing details related to marital status, children, occupation, and income.  Provide annual salary.  If married, provide spouse’s information.

(6-8 points)

Identify marital status, children, occupation, and income.  Determine annual salary.  If married, provide spouse’s information.

(0-5 points)

Monthly Budget

Contains sections for gross income, taxes, and expenses.  Expenses include all areas, including: housing, food, automobile, insurance, entertainment, investments, and other appropriate expenses.  The budget should end with a zero balance – invest or save any additional.

(14-15 points)

Contains sections for gross income, taxes, and expenses.  Some expenses may be missing.  The budget might not include a surplus or additional savings amount.

(10-13 points)

May not contain gross income, taxes, and expense.  Some expenses may be missing.  The budget also doesn’t end with a zero balance – nothing is invested or saved.

(0-9 points)

Housing Decision

Information and materials provided on investigation of housing options available, all three options are explained in detail, sources of credit are explained and final selection is identified and explained in detail, monthly expenses related to decisions are provided

(14-15 points)

Information provided on investigation of housing options available, some choices are explained in detail, sources of credit are identified and your selection is chosen but not clearly explained, some monthly expenses related to decisions are provided

(10-13 points)

Some housing options available are identified, choice is briefly explained, sources of credit are not identified or  your selection is not identified, few (or no) monthly expenses related to your decisions are provided

(0-9 points)

Automobile

Decision

Information and materials provided on investigation of three auto options available, choice is explained in detail, sources of credit are explained and your selection is identified and explained in detail, monthly expenses related to your decisions are provided

(14-15 points)

Information provided on investigation of auto options available, some choices are explained in detail, sources of credit are identified and your selection is chosen but not clearly explained, some monthly expenses related to your decisions are provided

(10-13 points)

Some auto options available are identified, choice is briefly explained, sources of credit are not identified or  your selection is not identified, few (or no) monthly expenses related to your decisions are provided

(0-9 points)