second fin 301
BUSA 301/FIN 301 Personal Finance
Rush
Pe
rsonal Financial Plan Guidelines
1
|
P a g e
Personal Financial Plan
Guidelines
–
Worksheets & Reflection Writ
e
–
up
Due
Sunday
,
A
p
r
i
l
2
6
t
h
at
1
1
:
5
9
pm via
Laulima Drop B
ox
The
Your Personal Financial Plan
work
sheets that correlate with sections of the text are
conveniently located at the end of each chapter.
Provided is
an Excel workbook containing these
spreadsheets for each of the chapters we have discussed this term. These sheets apply concepts
learned
in th
e text
to your unique situation and serve as a roadmap to your personal financial
future. Key websites are provided on these worksheets to help you research and devise your
personal financial plan.
The Personal Financial Plan due at the end of the term has two parts:
First
are
the Worksheets
assigned
with each chapter
(
42 worksheets in total
) and
second
is
the Reflecti
on
Writ
e
–
up
portion,
to be filled out after your worksheets have been completed. Tu
torials on each worksheet have been
provided in the Chapter Lectures in which the sheets correlate to.
The Reflection
Writ
e
–
up
portion
requires you to answer and explain with real life details the following questions listed below.
As with all writing ass
ignments, you will be graded on your spelling, grammar, punctuation and
overall ability to answer each question with details and appropriate analysis where needed. Please
treat this Reflecti
on
Writ
e
–
up
assignment as you would a term paper.
The length of
the write
–
up is not as important as the quality of the write
–
up.
A general guideline for
length could be between 4
–
6 pages depending on the depth of your answers. Please use 12pt font,
double spaced and 1 inch margins for your write
–
up.
REFLECTION WRITE
–
U
P
Answer the following Questions to be turned in with your completed Personal Financial Plan
Worksheets:
1.
Define your financial goals.
Include examples and details.
2.
Explain if or how you goals are realistic, especially for your timeline allotted.
3.
How can
you bring your spending in line with your goals?
Explain your process.
4.
What money mistakes are you
currently making?
Include examples and details.
5.
How are you measuring your progress on your goals? Explain.
6.
Have you found ways to maximize your money?
Inclu
de examples and details.
7.
Have you identified risks you hadn’t previously thought of?
Include examples and details.
8.
Are you more confident with your money after completing your PFP?
Include examples and
details.
9.
Are you on the path to building wealth? Expla
in and include your process.
10.
How much investment risk do you want or need to take? Explain.
11.
What kind of
current lifestyle do you want vs. need
? Explain.
12.
What kind of
future lifestyle do you want vs. need
? Explain.
13.
What did you learn about yourself by comp
leting this PFP?
BUSA 301/FIN 301 Personal Finance
Rush
Pe
rsonal Financial Plan Guidelines
2
|
P a g e
WORKSHEET &
REFLECTI
ON
WRIT
E
–
UP
GRADING
:
Grammar/
Spelling
/
Punctuation
: Did you use correct grammar, spelling
and punctuation?
Make sure to spell check and proof read your
worksheets
and
write
–
up
!
(
Both documents need to be polished and in final draft
form
when turned in
to receive full credit).
1
0
points
Reflection
Write
–
up
:
Are all questions written out first prior to answering
?
Are all of the
questions answered in the write
–
up
and include exam
ples,
details and a necessary explana
tion
?
(Grading is approximately
3
points per
question)
.
4
0
Points
PFP Worksheets
:
Did you fully complete all assigned worksheets? Did you
provide realistic data and details where required?
(Grading is approximately
3.5
points per
worksheet
.
1
50
Points
Total Points Possible:
2
0
0 Points
