Money Management and Personal Finance Class Week Three Special Exercise<\/p>\n
Class Three Exercise Fictional Family Budget<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.).<\/p>\n
You may do this Assignment in MS Word, Apple Pages, InDesign, MS Excel or Adobe Acrobat.<\/p>\n
Once completed, please submit it at the appropriate link in the Course.<\/p>\n
This Special Exercise is worth fifty points toward the maximum achievable points of one thou- sand points for the Course.<\/p>\n
If you have any questions or problems with this Assignment, please let me know.<\/p>\n
—-
\nWeek Three Special Exercise in Money Management and Personal Finance Class<\/p>\n
Experiment with a fictitious family budget in class three.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
The mission of the<\/p>\n","protected":false},"excerpt":{"rendered":"
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