Off Her Student Loan Case Study

The context of the lesson is three fold: First, to enhance literacy and utilize digital tools to research, communicate, produce and present. Developing these skills will be of immediate use, as these students have at least two more years in an academic setting. Secondly, they will be acquiring life skills as they define and internalize the concepts of budgeting and personal finance. Thirdly, in the broadest context, they will be able to apply this knowledge when they go forth into the job market and begin making short and long term investments. This lesson is appropriate and timely for these students as they will soon be leaving high school and embarking on various life and career paths. It is of critical importance that they understand how credit works and how to be fiscally responsible early on, so that they can avoid making bad decisions that have long-term and life altering ramifications. This demonstrates my commitment to their lifelong ability to learn and use information

However I do not think that saving for children’s education is specific, measurable, realistic, or timely. I do not think it is specific or measurable because I do not how how much money she is trying to save or by what date she is trying to save by. I do not think it is timely because according to (Siegel, 2009), Alice is currently able to budget a savings of $400 per month. If I assume that she is saving all of that to put towards a down payment of a house, which is the first portion of the goal, then she does not currently have funds to save for children’s education. That is why I do not think the second portion of her goal –saving for children’s education is not

purchased a small house. She pays $800.00 per month towards her mortgage which also includes her

Planning, just like saving for the future does not always come natural to a person and a lot of times has to be recommended by professionals. It takes personal discipline along with dedication to follow a good retirement plan. In order to achieve personal goals for retirement there has to be a plan of action to obtain success. Proper planning for retirement will also provide a positive outlook for that stage of life.

The goal of this course is to get you thinking about personal finance issues at a point in your life when you still have time to benefit from the power of time in generating wealth to accomplish your other life goals. The financial decisions you make early in life with determine in great extent the quality of life you will enjoy later, especially given the turbulent and uncertain economic conditions. Money isn’t everything, but a lack of it will impact almost every aspect of your life and those who surround you.

I plan to properly identify my desires, and then I will follow a solid, actionable plan to move from where I am with my debt to where I want to be in the future. The first step I will have to train myself not to spend more than I earn in the future. I will have to start determine my overall income, identify the multiple ways

retirement there is an adequate amount of money saved, that the heirs to the IRA

I will have $15,000 in student loans from my undergraduate education as I start my DI. The interest on these loans will be an additional issue. I may be able to have them deferred depending on the DI program I match with.

At this point, it is best to sit down with a financial planner that can discuss a financial plan. Make sure to inform the financial planner about the plans that are in existence for retirement. After a financial planner understands what retirement should look like, they will be able to help develop the best financial plan to reach those goals.

Step 2: Gather the Relevant Data, how long do you want to be working on this goal?

Beginning a retirement investment strategy today, regardless of a person's age, is always wise, since a large number of men and women wish they had started accumulating funds for their retirement earlier in their lives.

when she wants to retire and how much she will need and even how much her trip will cost.

What a mother she will be. If everything goes according to plan and she pays of her student loan after 5 years she should have enough money available to save up for a deposit on a house.

Ellen and adult kids should meet with a finical adviser to discuss her financial needs and goals.

The responsibility to think and plan for retirement is in your own hands. People cannot just depend on their employers or the government for their financial security. Retirement may seem years away, but it is something that you need to plan for. The earlier you start saving for retirement, the more money you’ll have available to meet your needs in the future. Like most things in life, saving will take time and practice. Setting goals is a great way to keep you motivated. 401(k) is not the only option to save for your retirement. Small actions such as setting a direct deposit to put a percentage of your check into your savings account could be very beneficial.