Complete the following: M1 | Introductions and The Financial Planning Process - Create three SMART financial goals including the following: - Savings - Spending - Sharing (Donating) - For each goal, develop an action plan with 3-5 steps M2 | Taxes and Your Financial Plan - Prepare a flowchart that communicates the steps you would take to file your federal income taxes. - Explain the steps in relation to: - If you have or will prepare your own taxes OR if you currently or will have a tax professional to prepare your taxes - Research and explain the tax deductions and credits M3 | Investments Basics I: Financial Services, Stocks, and Mutual Funds - Identify three factors that are more important to you for selecting a financial institution. - Using the websites of three different financial institutions, prepare a comparison of the organizations based on the three factors you identify, - Which of the three financial institutions would you use? Why? M4 | Consumer Credit and Loans - Provide a list of suggestions when choosing a credit card. - What are the six rules for using a store credit card? - Using the Bankrate website answer the following real-life questions: - If you had $5,000 credit card debt with an interest rate of 24%APR, share the results of using three different combinations of the payment amount and payoff time of your choice. - Explain the three different options when obtaining a loan. - Explain how you can avoid the minimum monthly payment trap. M5 | Home, and Automobile Decision - In module 5 you completed the Car and Home Purchasing assignment. - Conduct research on buying and leasing your vehicle of choice. - Would you prefer to lease or purchase your vehicle Note: You can definitely provide insight if you have purchased or leased a vehicle. Use the following resource below while conducting your research. - Leasing versus buying calculator E M6 | Types of Insurance - List and identify at least 2-3 health and disability insurance coverages that you may currently have or will consider in the future. M7| Investments Basics II: Retirement and Estate Planning - Refer to the textbook (page 284 (ebook) or 523 (hard copy) and complete the Retirement Plan Comparison