Professional Development Convo Assignment Analysis

I explained to her that personal behavior changes, such as saving money, takes place in defined stages over a period of time. Hence, I showed her the content on table one and asked her to give me her opinions of what would work for her to influence her money-saving behavior. Since she is at the contemplation stage and recognizes that there is a problem and wants to fix it. One of the ways that she thinks she can conquer this problem is re-evaluating the reasoning behind her excessive spending and imagining how her life could be better if she changed her behavior. This means targeting the source of the issue. She suggested opting out for a mailed check instead of direct deposit, since receiving the funds electronically facilitates her to spend the money as soon as possible. Another option she said that could help change her spending habit is asking her family members who live with her to babysit while she is at work. Lastly, she believes conducting an ongoing review of her budget would critically help her track her spending habits. In doing this interview, I have learned that changing a lifelong behavior is hard and it requires persistence and positive thoughts and commitment. The consciousness-raising and the self-reevaluation of the model influenced me the most and made me realize how

My introduction to the world of personal financial planning began in the summer of 2012 when I enrolled in a Personal Financial Management course at The University of Texas at Dallas. Prior to this course, personal finance was a topic that I had always taken a deep-rooted

What is the thing that drives each of us? Survival. No matter where you are or where you work, survival is the very livelihood that drives people to want to succeed. People want to take a look at how they can be successful and move up in the world. Now while promotions and an increased income are key to building one’s personal wealth, another factor that can derail a successful person is how they handle their finances. If you are unable to control what you are spending and weigh yourself down in debt, it becomes impossible to begin to build personal wealth. Reflecting on my own budget, the diagnosis of income versus expenses identified some key areas where improvement can occur and serves as an example for others to

Setting a budget, determining goals for a financial plan and other points are identical with what we have discussed. During our class period, we talked more about how to set up budget and financial plan on our own using tools and assistance that are available online, some are even free of charge. But in the article, the author is more emphasizing to consult professional financial advisors for personal financial planning and budgeting. Both ways are helpful and not stand against each other. I believe it is more effective and efficient to using those resources available online for practice, and, meanwhile, turn to financial advisor for assistance. We can buy the knowledge from the experts and turn it into our own for future financial

Budgets are not just for businesses. A simple house hold budget will go a long way in helping you prioritize your spending needs, as well as purchase only what you can afford based on your income. A budget will assist you track expenditure on utility bills as well as other financial obligations. Without it, you'll always find yourself spending more than necessary. Always ensure that you incorporate your wife when developing a financial plan. This is simply because 2 heads are better than one. Your spouse can remind you of important budgetary items that may have been skipped, as well as advice you on ways to increase income streams and cut down on

This week’s material was associated exclusively to financial awareness. The fundamental ideas for proper financial management were valuable to me. Managing the money that I received as aid have had me slightly stressed, there is always the fear of taking bad decisions and end up without enough money to finish the semester. Nevertheless, since the semester is closing, I now notice that I did somewhat decently until this point regarding my budget, but still, the preoccupation in regards future finances is still present.

Continuing professional development requires structured processes and individual responsibility to maintain, develop and enhance skills, knowledge and competence both professionally and personally to improve performance at work and are necessary to meet the challenges of an ever-changing world. Being an effective educator requires staying up-to-date of the scholarship of teaching and learning as well participating in scholarly activities are necessary to increase personal and professional knowledge thus the process should benefit the individual, colleagues, students, external sponsors and clients, and the institution. Coaching, working in committees, development centers, actively participate in distance learning, e learning, project working,

You don’t have a budget written down. A budget is imperative to your financial health. Think of a budget as your financial

I could go on and on about expenses and the tightness of money, but I believe what’s more important than the problem is how we overcome it. I know I complained about not being able to do everything my classmates got to do, or get the newest pair of Nike sneakers that everyone in middle school was wearing, but I learned something more valuable than any jeans or all-star backpack could show me. Through my stepmom and father, I learned three things: determination, willingness, and perseverance. Every day I continue to move past insecurities limitations, working towards my goals and hopeful successes in my life.

First of all, students need to know what budgeting is, and how it can help them. Budgeting can be defined as the ability to estimate the amount of money to be received and spent for various purposes within a given time frame (Finney 175). Budgeting can help students coordinate their activities, developing financial objectives, reveal inefficient, ineffective, or unusual utilization of resources, make family members aware to use money wisely, and allow recognition of problems before they occur. Although good record keeping is required for the budget to be of use, once students get themselves on a regular schedule of budgeting their finances it becomes just another

After the quiz, we discussed her personal budget and how she spends the majority of her income. She informed me that she buys an energy drink every single day and purchases the majority of her meals on campus in between her classes and club meetings. I think that she would also benefit from meal preparation and planning because she would be able to bring her meals to school with her. After discussing the ways she could improve her spending, we decided to review the Budgeting and Financial Planning section of CashCourse in order to discover more tips on how to better budget our income each month. I found the section “Adjusting a Budget” to be very helpful to me, as I recently resigned from a job and have yet to start a new one. CashCourse gave step-by-step instructions and tips on how to rebuild a budget with a decreased income, which I will definitely be applying to my budget until I start a new job. My sister discovered the tips in the “Creating a Budget” category. As someone who has never created a budget before, she found the simple language and detailed tips to be very helpful for getting started. She pointed out that we had just “tracked her spending”, and that doing so was very eye opening for her. After reading the rest of the webpage, we decided that we were going to make a conscious effort to budget our incomes from now on in order to better save our

50% of all American’s live each month paycheck to paycheck and 75% of American’s are living with debt, whether it’s a mortgage, credit cards or medical bills. Debt is immune to racial, age and income barriers and can affect anyone. On average these Americans have less than $1000 in their savings, rather than the recommended 6 months’ worth of income saved up. If they are lucky, they barely have enough income to cover the bills, unfortunately it is likely there is not even enough income for that. Adults especially in their 20’s and 30’s are facing additional difficulties. They are seeing a different financial landscape than that faced by their parents’ generations. Many are finding themselves struggling heavily with housing,

Although a budget is one part of this process, we must learn to save money first. Specifically, in this book it says to set aside one-tenth of what we earn and save it (ch.5). Setting aside one-tenth of what we earn allows us to make more suitable decisions on what we do with the other nine-tenths to live our daily lives. After a certain point, the one-tenth that we save every time we earn grows more and more to be able to buy the things we want or even really need.

Let monetary abundance be the medium to fund personal goals because lack of financial resources leads to unpleasant circumstances and crimes. To name a few: prostitution, illiteracy, domestic violence, divorce, family conflicts, anger, stress, stealing, debts etc. (University of Minnesota, Library). Through attaining adequate financial funds, family will feel secure and enjoy greater peace knowing that they have achieved financial reserve. This inevitability plays an important role, which lessens the worry of everyday life and enables them to focus on other matters, whether educational, emotional, physical, or spiritual goals (Focus on Family Finances, Ensign, June

I improved on making the audience feel informed about this topic. So I expanded my PowerPoint to better show the different budgeting methods, techniques, and resources that we have as college students and young adults. I really tried to make it more of an age-appropriate presentation. Therefore, in my slides and also in my explanations I really tried to make it target these young adults and how it can be a struggle as we prepare and start to live on our own and manage our own money.