Assignment 4: Saving and Investing (32.0 points)
Assignment 2: Financial Planning Nicole Gabriella
1. Describe one short-term goal that you have and at least one thing you will need to do in order to accomplish that goal. (2-4 sentences. 1.0 points) My short-term goal is to get my room clean and re-organized by this weekend. I will have to stay focused and not put it aside to accomplish this goal. 2. Describe one long-term goal that you have and at least two things you will need to do in order to accomplish that goal. (2-4 sentences. 1.0 points) One of my long-term goals is to get a house. I will have to work hard and save up money to accomplish this goal.
3. Describe two of your long-term financial goals, and explain why these goals are important to you. List at least three steps that might help you accomplish this goal. (4-6 sentences. 2.0 points)
My first long-term financial goal is to get some more cloths and shoes. My second goal is to save up money for laser eye surgery. Couponing, finding extra ways to make money and eating at home instead of going out.
4. Describe an example of a common financial resource, an expense, and a debt. These can be examples from your own life or from other people you know or can imagine. (3-6 sentences. 3.0 points)
A common financial resource can be when you buy a house. That is a big buy and could put you in debt. To make payments on it could make you in debt eventually as well.
5. Describe a real or made up but realistic example of earned income that you or someone you know has received. What type of work was the income from? Was the income in the form of a salary or wages? (1-2 sentences. 1.0 points) I work at a restaurant and I make wages not a salary. 6. Describe a real or made up but realistic example of unearned income that you or someone you know has received. (1-2 sentences. 1.0 points) When it is my birthday I get unearned money. When you don’t have a
1. Describe one short-term goal that you have and at least one thing you will need to do in order to accomplish that goal. (2-4 sentences. 1.0 points) My short-term goal is to get my room clean and re-organized by this weekend. I will have to stay focused and not put it aside to accomplish this goal. 2. Describe one long-term goal that you have and at least two things you will need to do in order to accomplish that goal. (2-4 sentences. 1.0 points) One of my long-term goals is to get a house. I will have to work hard and save up money to accomplish this goal.
3. Describe two of your long-term financial goals, and explain why these goals are important to you. List at least three steps that might help you accomplish this goal. (4-6 sentences. 2.0 points)
My first long-term financial goal is to get some more cloths and shoes. My second goal is to save up money for laser eye surgery. Couponing, finding extra ways to make money and eating at home instead of going out.
4. Describe an example of a common financial resource, an expense, and a debt. These can be examples from your own life or from other people you know or can imagine. (3-6 sentences. 3.0 points)
A common financial resource can be when you buy a house. That is a big buy and could put you in debt. To make payments on it could make you in debt eventually as well.
5. Describe a real or made up but realistic example of earned income that you or someone you know has received. What type of work was the income from? Was the income in the form of a salary or wages? (1-2 sentences. 1.0 points) I work at a restaurant and I make wages not a salary. 6. Describe a real or made up but realistic example of unearned income that you or someone you know has received. (1-2 sentences. 1.0 points) When it is my birthday I get unearned money. When you don’t have a