Personal Finance

Signature Assignments

1a. Long-Term and Short-Term Goals
Students will develop a 4 – 6 page short-term and long-term detailed plan that outlines their personal financial goals. Discuss and analyze how you will work toward those goals and set-up a detailed timeline to accomplish those goals. Include a process on how you will revise your goals throughout your life. Establish important changes in your life that might impact your goals.

1b. Download and Analyze a Mutual Fund Prospectus
Students will explore different mutual funds websites and download, attach, and analyze a mutual fund prospectus. Details and requirements will be discussed in class.
————————————————————————————————-Done

2a. Personal Income Expense Statement and Budget
Each student will create an individualized Income statement and develop a monthly budget. You will incorporate a monthly cash flow budget based upon a $75,000 yearly salary. The budget should be realistic and tied to your overall goals. A detailed analysis of your budget will be expected.

2b. Managing Liquidity
Students will outline a plan to mange their finances including what type of accounts they need and why. They will describe the tools they will use and the processes to maintain balance budget each month. Discuss and analyze your does current monthly budget and how your cash flow impacts your overall goals and why.

2c. Credit Management
Develop and discuss in detail how you manage and use credit. Include how you will develop a debt reduction process after you graduate and or keep out of debt. Expand and discuss the appropriate uses of credit and debt cards. Analyze what impacts your credit score, how you check your score, and the importance of having a good credit score.

2d. Tax Management
Students will explain the various taxes and their impact upon a personal financial plan. How can we incorporate a tax strategy into their budget and financial goals? Students are expected to detail the various taxes a person is required to pay based upon a $75,000 yearly salary.

–   I have already done the first part (1a & 1b). I want you to do the rest (2a, 2b, 2c, 2d).
–   2a, 2b, 2c, 2d have to be tied to the short-term and long-term goals.(I’ll upload that paper).
–   You’ll have to write at least 1 to 2 pages analysis on each part.

2a) Creat a budget of the monthly expenses. (3 family members expenses, which is me, my wife, and our 1year son. We live in an apartment in California).

Include every possible expense you may think of. Here are some of these monthly expenses in dollars:

–   950 rent.
–   250 gas.
–   90 electricity bill.
–   50 internet service.
–   400 grocery.
–   2250 school tuition.
–   Clothing
–   Car maintanance.
–   Tax payment.(2d).
–   … etc

The budget has to be tied to the short-term and long-term goals. (I’ll upload that paper)
Right after making the budget sheet you’ll have to write an analysis of that.

2b) for example, saving account, checking acount, …etc

2c) no coment on this.

2d)   You have to look up for the tax rates of California state for the married and having one child people, and calculate that. (Look it up on the web)
Taxes that will be taken are:
–   Federal tax.
–   State tax. 6.1%
–   Social security tax. 6.2%
–   Medicare tax. 1.45%
Make sure that these rates are right.

• Very Important

–   The four parts have to be tied to each other and the goals (short-term & long-term) as well.
–   Write 2pages analysis on each part.
–   Make sure there will not be any Plagiarism.

PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT 🙂