Personal Finance Planning Project
AshleyP Description of Project: The students can utilize their personal situation or a family member, business
associate, etc. The primary goal is to develop a plan encompassing the following topics.
First, develop a monthly budget tracking expenses over one to two months. Compare the monthly expenses to monthly income and forecast out into the future in a general way.
Second, discuss setting up an emergency fund covering six months of expenses. Describe in detail how you plan on achieving this goal.
Third, describe a plan for repaying student loan debt, credit card debt, auto debt etc.
Fourth, Describe personal income and career goals over the short and long term.
Lastly, describe your retirement planning strategy with specific goals of monthly amounts of savings, general types of investments and estimated rates of return. Describe how much you estimate you will accumulate over the long term based on your underlying assumptions.
Learning Outcomes: Explain various concepts and strategies outlined in the text as you prepare the
report. Describe in detail any and all assumptions made in preparing the report. Apply concepts from
the textbook and other sources and how you utilized them in developing the plan. You are welcome to
use outside sources, websites, retirement calculators, etc. Utilize the information in the book and
discussion with the professor, outside sources or industry professionals in developing the overall plan.
Analyze and discuss what you learned from doing the plan and the benefits for your future.
Assessment: The plan will be assessed by the professor with regard to inclusion of the key parts of the
plan and utilization of key concepts covered in the book and by the professor and outside sources. The
key will be covering the major areas – budget, emergency fund, debt repayment and retirement
strategy. The report should be a minimum of 5 to 10 pages including graphs, charts, etc.
- 2 years ago
- 80
Purchase the answer to view it
- AshleyPersonalFinancialPlan.docx
- A supermarket is interested in finding out wheather the mean weekly sales
- Questions
- Create and query databases using SQL
- 1. How do leadership behaviors and leadership skills differ? Provide examples to illustrate your response. 2. Compare and contrast intrapersonal skills with interpersonal skills. 3. What are the two components necessary for leaders to build tr
- sacling and performance tunning
- Develop a presentation to propose a new business intelligence (BI) application for either your organization or an organization of your choosing, or to address a real-world problem. Your presentation should be 8 slides in length and needs to include the fo
- Our class picks up at the end of the Civil War, in 1865, as the nation was trying to piece itself back together. Based on Chapter 16, the lecture, scenario, and Instructor Insights, do you think Reconstruction (1865-77) was a success or a failure? Explai
- a. Convert the contingency table into a joint probability table. (Round your intermediate calculations and final answers to 4 decimal places.)
- a) Create a set of 5 points that are very close together and record the standard
- Determine if there is a significant impact on salary when years of experience