Question
Each student will build (or utilize an existing) excel program or online program detailing their personal net worth as of January 1st. Further, they are
Each student will build (or utilize an existing) excel program or online program detailing their personal net worth as of January 1st. Further, they are required to develop a monthly budget (cash-in, cash-out) that details personal spending. Lastly detail 3 money savings tips or hints that you are prepared to share with your classmates to help us try and find money to invest and/or to pay down our debts!
**** Please note it is completely acceptable to provide reports with numbers/data/goals that are fabricated or made up. (...however, | would recommend that you maintain an accurate record for your own, private purposes). In other words, for the purposes of this assignment, the data/values DO NOT need to be accurate or real. Marks will be allocated based on the quality of the spreadsheet, understanding of the concepts, and quality of related graphs, material and supporting documentation. Reports Final report is due on Monday ________by midnight. Final reports should contain the following headings/categories:
1. Personal Net Worth Statement as of January 1st
2. Report of monthly spending budget
3. Detailed SMART Personal Financial Goal(s) in the preferred framework of the student (example template attached)
4. 3 money saving tips or hints.
Any section can be supported with charts, tables, graphs etc. - Again, completely acceptable to utilize an existing financial app or program to complete these tasks...if it is a good one, please be prepared to share the information with your classmates.
Other Further details and ongoing questions can be addressed in class!
Specific - What, exactly, is it that I want to achieve? Measurable
How will I know Ive achieved it? Attainable
What is my realistic desire (10) x the possibility (10) = __ /100 Relevant -
Why am I doing this? Is it really what I want? Time Bound
When will I achieve this by?
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