Finance Management: Personal Budget Report
Part 2 B: (must be completed in Excel) – Scenario Analysis:
Run at least 3 different scenarios to see the impact of decisions. Some examples may include:
What happens if you delay start of Savings for 5 years?
What happens if you work 3 more years?
What if the interest rate is higher/lower?
What if you have more to save after student loans are paid off?
Part 3: (must be turned in Word Via SafeAssign) – Reflection
Once you are completed with the three sections above write a page or two on what you learned from this project. This is open ended but expect at a minimum of 1 page as a write up. Reflection could include but is not limited to the following questions:
What did you learn?
Was there anything unexpected?
What changes will you be making as a result?
How do you plan on investing their funds – why? How often will you review the Plan?
What benefits are there to budgeting?
What specific changes will you make as a result of this assignment?