Taking Control Of My Finances Essay

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

  1. Describe one short-term goal that you have and at least one thing you will need to do in order to accomplish that goal. (2-4 sentences. 1.0 points)   One short term goal I have is to have a good GPA on my Progress Report, the one thing I’ll have to do to accomplish that is to do all my work in each class.

One short-term goal that I have is to graduate from high school. I will need to do all of my work and do my best in all of my classes to accomplish that goal.

1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)

- Have at least 5-7 years experience with working as a commercial insurance underwriter, banker, or claims adjustment.

As I begin my personal financial plan, I will start with my goals for different points in my life. This will outline the overall plan for getting my finances in order. Even though I may not have enough time to complete my goals, completing my goals are important because of financial well-being and being able to retire comfortably.

Life insurance is meant to provide funds to replace a breadwinner's to protect and support dependents. Chad and Haley are dependents, not income providers. Therefore, the purchase of life insurance is unnecessary and not recommended. The Dumonts should use the money they would spend on policies for the children to increase their own coverage.

My personal goal I wish to attain within the next year is purchase my first home. I am not sure where I would like to purchase my first home at this particular time because I am not sure if I want to stay in the Baton Rouge, Louisiana or move to Atlanta, Georgia. By being the only child and not sure if I want to move back home to Marrero, Louisiana, but I will continue to way my options before deciding on the exact location. Also, my personal plan within in the next year is to purchase a new car. In the next 5 years, my personal goals are to be in a committee relationship and traveling to Hawaii, Jamaica, London, Paris, Africa, and Costa Rica. Also, I plan to take my immediate family on a cruise to the Bahamas as an appreciation for helping,

There are many ways for people to achieve prosperity and success in the matter regarding finance, and there are many billionaires who used different methods to make billions of dollars a year. As suggested by Dave Ramsey, a successful businessmen who is rich, one of the keys to being affluent in life is freeing oneself from debt. As regard the mean of getting rid of debt, Dave Ramsey suggested that people should not use credit cards, not borrow loan in emergency case by saving money for the future, and for students who are going to university, not borrowing student loan.

Based on the master budget, there have something wrong and unclear. All the numbers are the same, evenly quarter two have more sale than other quarter, at least less 30% than quarter two. We can easy to recognize with a few changes and we can achieve a goal $1.000.000

Personal Budget Exercise – Excel Creating a spreadsheet track personal business expenses is an excellent use of Microsoft Excel. For this exercise, you will create a spreadsheet to enter a personal budget and track actual expenses for the year. You may choose to use real data or create a fictitious budget using a monthly income amount of $2,500. Here are suggested budget categories if you are not using a real budget. At a minimum, you must have 9 budget categories: Housing (mortgage or rent) Utilities Car payment Insurance Student Loans Food Misc. Entertainment Gas Savings

Budgeting is the systematic method of allocating financial, physical, and human resources to achieve an organization’s strategic goals. Budgets are utilized by for-profit and non-profit organizations to monitor the progress towards the goals, assist in the control of spending, and help predict cash flow for the organization.

Budget is the major financial and economic statement. The role of the budget is to keep track of the money coming in and the money going out. It is essential part of running any business effectively. It can help make a short and long term projections about financial situation, avert a financial crisis and plan for major financial changes.

Figuring out where you will be financially years from now is hard to imagine. There are always what you plan, and then there’s things that just happen that you would usually rather not have of. You can always make goals and things and hope that things go alright and end up close to what you expected.

The management of cash is essential to the survival of any organization. Managing an organization’s financial operation requires knowledge of the economy and ways to maximize revenue. For any organization to operate on a daily basis adequate cash flow is required. Without cash management the organization will be unable to function because there is no cash readily available in case of inconsistencies in the market. Cash is also needed to keep the cycle of the company’s operations going.