Overview
ECO 110 Taking Charge of Economic Future Week 6 Activity Developing Your Personal Financial Plan
Week 6 Activity - Developing Your Personal Financial Plan
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Available after Apr 22, 2024 12:00amAvailable after Apr 22, 2024 12:00am
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Instructions
Note: If you haven’t completed the assignment template questions in Chapter 5 of the Webtext to prepare for the Week 6 Activity, you should complete those now.
Step 1: Read the scenario provided in Chapter 6 of the Webtext (this is the same scenario as presented in Chapter 5).
Step 2: Carefully follow the steps in Chapter 6 of the Webtext to create your budget.
Step 3: Be sure you download and save the Excel template from Chapter 6 to your desktop in an acceptable format, including .xls and .xlsx.
Step 4: Follow the instructions in Chapter 6 of the Webtext to properly upload your completed Excel budget below.
About this Activity
We all have financial goals whether it's buying or renting a home, purchasing a car, paying off a loan, or saving up for a vacation. It can be challenging to figure out exactly how to save toward these goals given the numerous expenses of daily living. A financial plan helps you identify how you can reach your short-term and long-term goals and leverage planning and organization strategies to make meaningful, incremental progress toward realizing these goals.
This Activity, along with the upcoming Week 7 Assignment, gives you the opportunity to apply what you've learned about personal financial planning and productivity strategies to develop a personal financial plan aligned with your financial goals. You will build your technology skill by analyzing the financial plan you are developing in Weeks 5 and 6 to reach a specific financial goal within an identified time frame, all while maintaining a balanced budget.
The specific course learning outcome associated with this assignment is:
To enhance technology skills by using Excel to create a budget including a financial goal and calculations of expenditures.