Presently I Am A Full-Time Student, And Senior, Majoring

The one financial goal that I plan to accomplish within the next two years is to buy a house. The first resource on achieving this goal that I would change is to take my food to work everyday instead of eating out. Another resource that would help me stay focused is by getting a check register book to help me keep track of what I am spending on a daily basis. I expect to put four hundred fifty dollars in savings every two weeks to help me save for my dream home. Minimizing my wants and only buying my actual needs will make an enormous difference. Within the first year of savings my goal is to have a nice down payment of $10,800. During the approach of the second year, I would look for a home that is in the price range of $80,000-$100,000 and

After reading provided documents my goal is to determine your financial strengths and weaknesses and suggest different

This course provides an overview of the elements necessary for effective personal financial planning and the opportunity to apply the techniques and strategies essential to this understanding. Primary areas of study include creating and managing a personal budget, understanding and paying taxes, working with financial institutions, wise use of credit cards and consumer loans, financing automobiles and homes, and the use of insurance for protecting one’s family and property.

In regards to my current life stage, I am a young adult and almost all of my financial income is paid in wage from my occupation as a lifeguard. As I am not a parent of any kids, my financial expenses consist of paying for food, clothing, transportation, and school fees. Therefore, most of my expenses are centered around myself and focuses on future career plans to eventually increase my income as I will be able to attain a profession after acquiring a college education. Presently, I have not surrounded myself with assets because I have not acquired my college degree or decided upon a profession; as a result, I would not be able to search for appropriate assets.

I am a first-generation college student. My parents never got passed high school. They were both faced with hardship and had no choice but to get a job to deal with the responsibilities of home. My dad left India at the age of 16 to build a better life for himself and my mom in America. In my household, education has always been a priority. Since my parents have felt firsthand how life is like without a degree, they made it their mission to ingrain in us a value for education like no other. However, there have been many situations in which I have found myself lost and looking for answers about college. Sadly, by being a first-generation student, my parents could not help me. Not only could they not help me, but being the first to attend college

My personal finances are solid and on track with my attitudes towards money and savings. This budget exercise is common practice for me as I keep track of every dollar I spend. I am a saver and I keep track of my savings using a spreadsheet and updating my information almost every day. Budgeting is a necessary step in order to figure out where exactly money is going and how much of it is being allocated to different items.

To start I plan on going to post secondary school after high school to get my bachelors degree. I plan on majoring in finance and then becoming a CPA. I am still unsure what I want my minor to be but I’m pretty positive it will be in the business field. There were a lot of different things in my life that made me want to take this path. One of which is the financial situations of my parents. After my parents divorce, it came clear to me how important it is to go to college. My dad who went to college and got his degree has found great success. Whereas to my mother who decided to work after college struggled after the divorce to get everything together. She was changing jobs constantly trying to find one that paid more so she could provide

My college goal is to receive my bachelor’s degree in accounting. In Spring 2018, I will graduate with my associates degree in accounting from Kauai Community College. I am already on the West Oahu articulated pathway and will be able to easily

Currently, life is overwhelming, to say the least. I am attending College full-time online in addition to working a full-time job, and two part-time jobs. Also, I am the mom of two daughters, Madison age 12, and Kenzleigh age 9. There always seems to be more things to do than there are hours in the day to get them done. My oldest daughter, Maddy, plays softball and soccer for her school. Most weeks we have two or three games a week, it is exhausting always being on the run. Regular slowpitch softball season has come to an end, however, her school made it to the district playoffs, which means the season is extended. Today her team travels to Louisville for the first round of the playoffs, they will play three games, whichever team does

Establish your budget. Are you looking for an easy way to begin? On the first day of a new month, get a receipt for everything you purchase. Stack the receipts into categories like restaurants, groceries, and personal care. At the end of the month you will be able to clearly see where your money is going.

Try to make a budget, it will be your blueprint for your finances. The first step for anyone wanting to take control of their finances is to make a budget. A budget will allow you to understand where your money is going and enable you to adjust your spending by designating how much you can afford. Creating a budget is a good idea for everyone, but especially for individuals with limited income. Write down your budget, with specific categories of spending, and stick to it. Start slowly by using a percentage on how much you will save versus spend. A plan doesn’t work unless you work the plan.

To accomplish my second goal I plan on putting a cap on my level of living expenses that increases at a smaller multiple then my income each year. I want to give another half percent of my income each year. I will budget out my salary for discretionary and non-discretionary spending and stick to the budget by limiting use of credit cards and attempting to pay cash for most items I purchase. This will help me control my cash outflow.

A budget refers to a financial plan that represents the allocation of the income to various expenditure channels such as expenses, savings, and debt repayment. A personal budget is important because avoiding financial surprises and keeping financial stress down helps avoid a crisis and allows you to focus on your overall goals. You cannot avoid all risks in life but if you plan your finances to live within your means, you can avoid being kicked out of your home, losing your car and other terrible things that a solid budget would help you avoid. Knowing what you can afford is a central life skill. Unfortunately, many do not budget even though they know they should (Wagoner, 2012).

Personal budgeting is an important factor in regards to successful long term financial stability. Budgeting has many great aspects as well as showing areas of weakness. It can show the truth about your personal financial spending habits, areas that are not looked at enough, and if there are needs for a larger emergency fund. The reality of personal budgeting is that many people potentially do not keep a personal budget for one reason or another. People also don’t consider the negative effect that it could have on one personally and or how it effects the economy.

I am currently a sophomore pursuing Management Engineering with a concentration in Mechanical Engineering. I have spent majority of my life in Mumbai, India. Living in Mumbai taught me that life is not fair and you need to be one step above the others to succeed. Mumbai is the most populated city in India with a population of around 12 million and everyone out here wants to leave an impact on the world, hence it’s called the city of dreams in India. I grew up in a small family of four people but we met our extended family every weekend. Everyone in my family is a leader in their own way. My dad runs a Dubai based shipping company in India, my uncle runs a pharmacy company and my mom takes care of the house and office files. Since the very beginning my dad has told me about how it is very important to understand and perfect leadership skills. He always tells me, “Everyone has a leader hidden in them, our goal should be to find our inner leader and enhance those qualities to try to survive in the real world.”