A Personal Finance Project. There are Four components of the financial plan: a budget and cash flow projection for 3 months including choosing bank(s) and instruments (savings, CD etc.) to deposit your money, a small-ticket project of researching and buying an appropriate laptop in 3 months and a washer and dryer in 6 months, a big-ticket project of buying a condo/townhouse/home with a target closing in 4 months, and retirement and investment plans. Assumptions: If you choose to be single your gross pay is $100000 and your take home pay is $60000 payable in 12 monthly payments of $5000 each month paid on the last day of the month. If you choose to have a spouse your family gross pay is $150000 and your take home pay is $90000 i.e. as a family you get $7500 on the last day of the month (These are assumptions, not exact tax calculations). If you choose to have children (being single or married), 3 max for this exercise, you get a tax credit of $2000 a child a year. You can add that to your annual and monthly take home pay. For example if you have 3 kids, your take home pay annually is 96000 or your monthly pay is $8000. You can choose your situation and it doesnt have to reflect your reality. Part 1: Prepare a monthly budget and cash-flow using your own income and family assumptions, for 3 months. You are required to have savings in your budget. Research banks in your area and choose one or more banks that you would like to deposit money in, both savings and checking, and if you want in CDs. You can choose not to invest in a CD rather invest in stocks etc in Part 4. Part 2: Prepare a plan for two small ticket purchases a laptop in 3 months and a washer and dryer in 6 months. This includes research, choice of brand and product, how to finance it (store financing, credit card etc.) making sure it fits in your budget. Part 3: Prepare a plan for buying a condo/townhouse/house including research, mortgage financing, and making sure it fits budget. Part 3 and Part 4 should both fit in your budget in 6 months. Part 4: Research and prepare a plane for a) retirement savings including your companys 401k plan and any additional IRA/Roth IRA you may decide on, b) investment accounts mutual funds or stocks including researching the brokerage, fees etc.