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[AB104: Personal Financial Management] Unit 9

Unit 9 Final: Your Financial Plan Planning for your financial security is important at any age. It is never too early or too late to start

saving for your retirement, children’s college education, or that vacation home you have always

wanted to own.

This course gave you an overview of what personal financial planning is all about. You learned about

the different steps needed to complete your own financial plan. W ith this information, you were able to

look at your finances and better prepare for your future.

During each unit of this course you completed worksheets to assess your financial stability. All of

these worksheets are parts of your financial plan. Now that you have completed all the worksheets,

you will write up a summary and assess how well your financial plan has helped you make plans for

your future.

Worksheets to be included:

Units 1, 2, and 3

Daily Spending Log: For the first three units you tracked your daily spending. By tracking your daily

expenditures you will see how wisely you are spending your money, and the areas where it is not so

wise.

Unit 1

1.1 Daily Spending Log

1.2 Personal Financial Goals

Unit 2

1.1 Daily Spending Log

2.1 Balance Sheet

2.2 Income and Expense Statement

Unit 4

1.1 Daily Spending Log

4.1 Home Affordability Analysis

4.2 Mortgage Refinance Analysis

Unit 5

5.1 How’s My Credit?

[AB104: Personal Financial Management] Unit 9

5.2 Tracking Your Consumer Debt

Unit 6

6.1 Life Insurance Needs Analysis

Unit 7

7.1 Stock Tracker (weekly)

Unit 8

8.1 Retirement Needs Analysis

Summary:

Once you have completed all the worksheets and looked at your financial plan, it is time to evaluate

your information. You will write a 3–5 page summary of your findings. Please make sure you cover

the following topics:

 Have you been successful in setting up your plan?

 Has there been a change in your financial outlook for the future?

 Have you found areas of your spending or saving which does not work for you or is not

beneficial to your financial success?

 Tell me about this experience and how it has helped you to think more about your current

and future money habits.

 Explain any other information which has helped you understand the process better than

you had known.

Written paper requirements:

 Paper is to be a minimum of 3-pages, no more than 5-pages.

 Double-spaced.

 Proper APA formatting.

 Please pay close attention to your punctuation, grammar, and sentence structure.

 Reference and cite any information used in APA format.

 Include all worksheets.

Directions on Submitting Your Assignment:

Submit the following by Tuesday, 11:59 p.m. ET of Unit 9:

 The completed AB104 Financial Plan W orkbook.xlsx

 A 3–5 page summary of your findings in a W ord document

Unit 9

[AB104: Personal Financial Management]

AB104 Unit 9 Assignment: Your Financial Plan

Content (50 points)

Points

Possible

Points

Earned

Submit a fully completed Financial Plan W orkbook. 5

Provided relevant comments about the success of setting up a

personal financial plan. 9

Included a comprehensive discussion of future financial outlook. 9

Identified and discussed areas in which personal financial success

was hindered due to spending or saving practices. 9

Provided a comprehensive discussion about this experience and how

it has aided in thinking about present and future money habits. 9

Provided an explanation about information gained and how it helped

understand the process of personal financial planning better

compared to what was previously known.

9

Analysis (30 points)

Work demonstrates synthesis of concepts, research, and experience. 10

Work demonstrates the student’s ability to tie relevant information to

real life applications. 10

Analysis exceeds basic comprehension to demonstrate higher order

thinking. 10

Writing (20 points)

Sentences are clear, concise, and direct; tone is appropriate. 5

Spelling, grammar, and punctuation are correct. APA formatting

follows 6 th

edition APA guidelines. 5

3-5 pages 5

Sources are provided both in-text and on a reference page. 5

Total 100

AB104: Privacy Statement

One purpose of this course is to enable you to create your own personal financial plan. Any and all information

you submit will be kept in the strictest confidence. The information will not be used for anything but grading

purposes and no files with your personal information will be kept. If you are not comfortable using your current

personal financial information, you can use projections of how you want your finances to look after graduation

or use a multiplier to adjust the numbers.

Unit 9