Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Eco assignment 2

20/08/2020 Client: ali Deadline: 7 Days

 


Assignment 2: Developing Your Personal Financial Plan

Due: Week 7

Points: 105


Skill(s) Being Assessed: Productivity



  • Criteria for Success: In this assignment, you will:

  • Create a budget for a financial plan using Excel to ensure that the financial information is organized, accurate, and complete.

  • Identify a personal savings goal and a time frame for reaching that goal.

  • Explain your choice of housing option in the context of how it will help you achieve your selected financial goal.

  • Align expenditures to reflect your selected financial goal.

  • Reflect on how creating a step-by-step and organized approach to the assignment helped you to adjust your financial priorities and financial plan.


What to submit/deliverables: Two completed templates: Assignment 2 Financial Plan Explanation Word Template and Assignment 2 Financial Plan Budget Excel Template.


What is the value of doing this assignment? We all have financial goals—buying or renting a home, purchasing a car, paying off a loan, or saving up for a vacation. And it can be challenging to figure out exactly how to save toward these goals, given the numerous expenses of daily living. A financial plan helps you identify how you can reach your short-term and long-term goals, and leverage planning and organization strategies to make meaningful, incremental progress toward realizing these goals. This assignment gives you the opportunity to apply what you’ve learned about personal financial planning, productivity strategies, and the use of Excel to develop a personal financial plan aligned to your financial goals.


Your goal for this assignment is to: Build your productivity skill by creating a plan for reaching a specific financial goal within an identified time frame. You will use productivity strategies to break financial planning into manageable, organized steps, and you will use Excel to develop a realistic plan that is aligned to your financial goal and considers economic drivers, requirements, and resources.


Steps to complete: In Week 7, submit your assignment in BlackBoard by following these steps:


STEP 1:Review the following scenario for this assignment. Additionally, review the Assignment 2 Financial Plan Explanation Word Template and Assignment 2 Financial Plan Budget Excel Template.


Context: : Imagine that you are in a position where you need to move – this could be because of a change in job or dissatisfaction with your current living arrangement, or something else entirely. Besides needing to find different housing, you also want to begin saving for a specific financial goal.


Scenario: Imagine that you are in a position where you need to move—this could be because of a change in job, dissatisfaction with your current living arrangement, or something else entirely. Besides needing to find different housing, you also want to begin saving for a specific financial goal.


You will use the Assignment 2 Financial Plan Budget Excel Template to create your financial plan and budget table. You will use the Assignment 2 Financial Plan Explanation Word Template to answer the questions related to your financial goals and plan.


STEP 2: Think through the productivity strategies you have learned in your coursework and make a plan for how you will break down creating your financial plan into smaller steps to help you stay organized and be productive.


STEP 3: Identify an annual income as a starting point for your financial plan and insert the value in the budget table at the top of the Excel template as needed. Use an annual income value that you feel comfortable using for this assignment. You may use one of the following:



  • The sample annual income of $50,000 provided in the template

  • Your current annual income

  • The average/median income of a career field that you would like to be working in at some point in the future. Check out O*Net or CareerOneStop for more information on income for career fields you are interested in.


STEP 4: Identify a financial goal you would like to save towards – this can be a short-term (1-2 years) or long-term (3+ years) goal and determine how quickly you want to save for it (Question 2 in Template).


Select one of the following goals:



  • Create an emergency fund of $1000

  • Save up for a vacation that will cost $2000

  • Save up to buy a $15,000 vehicle

  • Save for a down payment of $40,000 to buy a house

  • Save $50,000 for education (personal, child, family, etc.)


STEP 5: For the goal selected, set a timeframe for reaching that goal (1 to 10 years is the recommended range) (Question 3 in Template). Explain why that time frame is realistic to achieve your goal.



  • Remember a good start to figuring out how much to save for your plan would be to divide your goal by the number of years you plan to be saving for it.

  • Put this number into the “Savings” cell of the budget table in the Assignment 2 Financial Plan Budget Excel Template.


STEP 6: Select a new housing option and fill in the cost in the Budget table. Choose one of the following (Question 4 in Template):



  • Rent a house for $15,000 per year

  • Rent an apartment for $12,000 per year

  • Rent a room only for $9,000 per year


STEP 7: Fill in the other dollar expenditures in the budget table of the Assignment 2 Financial Plan Budget Excel Template, according to your preferences. Use the entire $50,000 (or whatever value you used for your annual income).


STEP 8: Use formulas to calculate the sum for your “Total” cell of the “Dollars” column and to fill in the “Percent” column of the budget table.


STEP 9: In the Assignment 2 Financial Plan Explanation Word Template, identify the savings goal and the time frame you determined for reaching your goal. Why is the time frame you identified realistic?


STEP 10: Explain why you chose the housing option you did and how it will help you achieve your selected financial goal.


STEP 11: Explain your choices for non-rent expenditures and how they will help achieve your savings goal within the time frame. In other words, how do your expenditures align with the financial goal you selected?


STEP 12: Reflect on the productivity strategies you used to break down your financial plan into smaller steps to help you stay organized and productive. How closely did you follow the plan you thought through in Step 2 on these instructions? How did a step-by-step and organized approach help you to adjust your financial priorities and financial plan?


STEP 13: After completing all questions in the Assignment 2 Financial Plan Explanation Word Template and the budget table in the Assignment 2 Financial Plan Budget Excel Template, save your responses. You should have two files, which you will title as indicated below:



  • Word file: Your Name, ECO110_Assignment 2 Financial Plan Explanation.

  • Excel file: Your Name, ECO110_Assignment 2 Financial Plan Budget.


Grading for this assignment will be based on the following rubric:


Assignment 2 Rubric

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Essay Tutor
Top Rated Expert
Homework Guru
Essay Writing Help
Writer Writer Name Offer Chat
Top Essay Tutor

ONLINE

Top Essay Tutor

I feel, I would be the best choice for this project, I have more than 10 years of working experience in writing essys, reports, case studies and dissertations. Give me your work and get relax

$110 Chat With Writer
Top Rated Expert

ONLINE

Top Rated Expert

I can provide plagiarism-free work for you within your given deadline. My professional writing career started around 5 years back with a local writing company in my city where I have produced 1000+ documents for my clients.

$115 Chat With Writer
Homework Guru

ONLINE

Homework Guru

I am a Ph.D. writer with more than 9 years of working experience in Writing. I have successfully completed more than 4500 projects for my clients with their full amount of satisfaction. I will provide you super quality work according to your given requirements and deadline with ZERO plagiarism. I can manage business and professional writing against very reasonable prices.

$120 Chat With Writer
Essay Writing Help

ONLINE

Essay Writing Help

I can provide plagiarism-free work for you within your given deadline. My professional writing career started around 5 years back with a local writing company in my city where I have produced 1000+ documents for my clients.

$115 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

How are interlocking spurs formed - Antibodies - How to Choose the Best Narrative Essay Writing Service - Peterborough regional college jobs - Intercultural Communication - Who coined the term knowledge worker - Fin 100 week 5 homework - Angel opal aura quartz - Ali shuffle jump rope - Exaggerated traits and breeding success in widowbirds answer key - Generation me twenge chapter summary - Searles lawn grub killer - How to find molarity of naoh from titration with khp - Memorandum Baltimore Jail Guards - Name three trade blocs in africa - Tilly mint liverpool meaning - And gimble in the wabe - Macquarie university marking grades - Reaction between sodium oxalate and potassium permanganate - Coca cola mission statement and vision - Ktea 3 academic skills battery - Financial and managerial accounting edition williams - International Marketing Research - Branchcache hosted cache server - The 7 bridges of konigsberg answer - Portland state university maseeh - Benchmark - Victimology - Atomy sandwich laver purple rice slice - A banked turn with friction - How many people per square mile in china - Jane has a checkbook balance of 68.00 she - Writing observations in childcare examples - Kaizen workshop agenda - Ukrainian alphabet to english alphabet - Practical scrap metal small arms vol 5 - Security architecture - The following are general tips for conducting performance reviews except - Discussion 2 - Jollibee party hacks 50 persons - Anthropology Discussion post - Ecology the lion king movie guide answers - Target corporation capital budgeting case study solution - Lyrics firework katy perry meaning - Determination of equilibrium constant for an esterification reaction lab report - Comprehension boosting crosswords susan b anthony answers - John knowles writing style - Romeo and juliet comic strip - The odd couple play monologue - Fundamental principles of servant leadership in nursing - To kill a mockingbird essay ideas - Helping skills facilitating exploration insight and action 4th ed pdf - Holes chapter questions multiple choice - A salesperson clicks repeatedly on the online ads - Pure digital technologies video camera model 225 - Hey krishna madhava govinda gopala - Crime analysis strategies within Law Enforcement - Word document - Onslow company purchases a used machine - What is the purpose of a cirt plan - Agricultural revolution in a sentence - Robert hayden middle passage analysis - Sunnyvale supported accommodation ltd - Compare the concepts of assigned leadership and emergent leadership - Unit 1 Assignment 2 - Decision Making - Source and sink flow examples - Adapting your leadership style - Christmas acrostic poem ideas - Bsbwor501b assessment - Chcage005 pdf - 1200 employees of a company were surveyed - Phone call letter codes - Silver carbonate on heating gives - Dr axe dong quai - Questions of anthropology pdf - Testout 4.3 3 connect network devices - Wellesley college admissions office - The leadership challenge a wiley brand - Xbox 360 clear cache - Nrich factors and multiples - Jeff nippard high frequency full body program review - Creativity games random word generator - Observations of a chemical change - Onlinenationaledu - Cobit 5 iso 27001 mapping - What is grid reference - Eds 405a mm sc t - Buddha in the attic discussion questions - Nexus qos configuration example - Discussion - Political factors affecting business - Periodic sentence structure examples - __________ forms a liquid cushion for cns structures - TLMT318 Week 3 Forum - Jay z 8 miles and runnin lyrics - Research Report - Phoenix MGT 526 Organizational Chart - Waren sports supply balance sheet - Steps for using an rss feed in ie mindtap - Larson and gray project management 7th edition - The Completed outlines to the previous question