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Posted: February 19th, 2022
Money Management and Personal Finance Class Week Three Special Exercise essay
Money Management and Personal Finance Class Week Three Special Exercise
Class Three Exercise Fictional Family Budget
In this Class Session, we have been discussing the importance of goal setting and budgeting. We have considered the essential elements of budgeting for short-term and long-term goals.
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This Assignment is to imagine a fictional family (or your own, if you desire). Set up a budget sheet for this family showing income and expenses for this family in a given year.
This does not have to be extremely detailed (in fact, make it fit on one page). It is intended merely as an exercise in seeing that a family only has a limited amount of income and needs to carefully plan its distribution and management.
The goal of the handling of the income is to cover all short and long-term expenses with an eye toward growth of financial standing (investments, savings, etc.).
You may do this Assignment in MS Word, Apple Pages, InDesign, MS Excel or Adobe Acrobat.
Once completed, please submit it at the appropriate link in the Course.
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This Special Exercise is worth fifty points toward the maximum achievable points of one thou- sand points for the Course.
If you have any questions or problems with this Assignment, please let me know.
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Week Three Special Exercise in Money Management and Personal Finance Class
Experiment with a fictitious family budget in class three.
We’ve been talking about the importance of goal setting and budgeting in this class session. We have considered the key components of budgeting for both short-term and long-term objectives.
This assignment requires you to create a fictional family (or your own, if you desire). Create a budget sheet for this family that shows their income and expenses for the year.
This does not need to be overly descriptive (in fact, make it fit on one page). It is solely meant to be an exercise in recognizing that a family has a limited amount of income and must carefully plan its distribution and management.
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