Personal finace
Assignment 2: Financial Planning
(25.0 points)
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)
One short goal that I have is to finish high school with A’s and B’s. In order to accomplish my goal is I have to stay focused on my school and not to worry about other things.
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 long term that I have is that I would love to start saving up my money so I can go to college and it will all be paid off so I won’t be in debt. One of the things to accomplish the goal is to stop spending it on stupid stuff. Another would be to give all my money to my parents so they can save for me so I don’t spend it.
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)
One of my financial goals is to make sure I pay off everything and not be in debt. A second would be to make sure I look at my and to make sure I give the right amount to each bill.
1. Save money Spend on right things/ get a job
2. Check the dates pay early
3. Check my bank account
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)
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)
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)
7. In your Section_2 folder, navigate to and open the Example_W-2.
(25.0 points)
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)
One short goal that I have is to finish high school with A’s and B’s. In order to accomplish my goal is I have to stay focused on my school and not to worry about other things.
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 long term that I have is that I would love to start saving up my money so I can go to college and it will all be paid off so I won’t be in debt. One of the things to accomplish the goal is to stop spending it on stupid stuff. Another would be to give all my money to my parents so they can save for me so I don’t spend it.
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)
One of my financial goals is to make sure I pay off everything and not be in debt. A second would be to make sure I look at my and to make sure I give the right amount to each bill.
1. Save money Spend on right things/ get a job
2. Check the dates pay early
3. Check my bank account
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)
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)
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)
7. In your Section_2 folder, navigate to and open the Example_W-2.