SCENARIO: Imagine that you are in a position where you need to move this
SCENARIO: Imagine that you are in a position where you need to move this could be because of a change in job, a need to modify your living arrangements, or something else. In addition to searching for different housing, you want to begin saving for a specific financial goal.
You will use the Assignment Template (an Excel file) to create a budget that satisfies the scenario. Youll also answer reflection questions related to your goals.
ASSIGNMENT: This assignment has two parts. In part 1, you will create a financial plan based on the scenario described above. Youll use your productivity skills to organize your plan, and youll use your problem solving skills to determine a reasonable rate of savings to reach your goals. Finally, youll apply your technology skills to ensure that your budget is balanced, and expenditures (like housing) dont exceed your employment income.
In part 2, you will answer reflection questions about the decisions you made and the skills you leveraged while building your plan.
For this assignment, you will:
- Create a budget for a financial plan using Microsoft Excel, ensuring that the information is organized, accurate, and complete.
- Identify a personal savings goal and a time frame for reaching it.
- Explain how your choice of housing will help you achieve your personal savings goal.
- Align your expenditures to support your goal.
- Reflect on how creating a step-by-step and organized approach to the assignment helps you adjust the financial priorities in your plan.
Download the Excel template below, which further breaks down the steps involved in this assignment. You will return the completed template as your Touchstone submission.
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