Collect and organize your financial information. d. Reevaluate and revise your plan as needed. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? C a. Teenage years b. Between your 50s and 60s c. Late 20s through your 40s d. During retirement 4. Which of the following are some benefits of having a college degree that can affect your financial planning? D a. The potential to make a higher salary b. Jobs with retirement plans and benefits c. The ability to receive promotions and wage increases d. All of the above . Which of the following elements of a comprehensive financial plan discuss analyzing future needs, such as saving for retirement or college funding for dependants? A a. Building wealth b. Securing basic needs c. Establishing a firm foundation d. Protecting wealth and dependants 6. People have different styles when it comes to handling their money. List the two things that affect our personal beliefs and opinions about financial planning. The two things affecting our personal beliefs and opinions are Values and Attitudes. Values are fundamental beliefs about what is important in life.
Attitudes are opinions and psychological differences between people that affect their decisions. A person’s money style is generally the result of both learned behaviors and inherited tendencies. If your parents were careful how they spent their money, you will tend to do the same in your adult life. If your parents tended to be impulse buyers, you will typically be an impulse buyer later in your life. This is not always the case though. Occasionally siblings will grow up to have completely different spending and saving styles and habits. 7.
Which element of the comprehensive financial plan focuses on your housing needs, setting aside money for emergencies, and establishing a career path? Securing Basic Needs is the element that focuses on your housing needs, setting aside money for emergencies and establishing a career path. This is the second step to a Comprehensive Financial Plan. The plan also includes protecting your assets with insurance and making educated employee benefits decisions. 8. The economy is unpredictable and can affect your personal financial planning. List one factor in economic conditions that may affect your financial future.
I think the biggest factor is the student financial aid situation in this country. My state of Pennsylvania in particular has just made cuts to the amount of grants awarded. These are cuts above cuts not anticipated because they made cuts last year as well. I am barely making ends meet as it is and if cuts continue, I will have a difficult time finding the finances to pay for school. I am hoping school will help me become financially secure and independent. The economic problems we are in is causing the government to make cuts to certain programs, and unfortunately it is a program that directly affects me. . Which step in the five-step financial planning process requires you to organize your financial information, create personal financial statements, and evaluate your current financial position? The first step in the five-step planning process is to Analyze Your Current Finances. This is the step that requires you to organize your financial position. This step is necessary before moving on to the next steps because it will help you determine where your money is coming from and where it is going. This step will help you arrive at an idea where your money is going.
The challenging part in this step for many people is collecting all the information. If you are “organizationally challenged,” it could present some work. 10. Step five in the five-step financial planning process discusses the importance of regularly reevaluating and revising your plan because personal circumstances often change. List two life changes that may require you to update your financial plan. Two changes that come to mind are my recent disability and starting school. Before my disability I was financially independent. I had many toys, tools and, privileges. Going to a baseball game or even vacationing was a common occurrence.
I traveled all over Europe and North America without thinking twice about it. These are things I took for granted and will have to start spending much more wisely if I am to stay afloat. The second change is my life is returning to school. With the economy the way it has been lately, jobs are hard to come by. A job 10 years ago that would only require a high school diploma is now requiring a college degree. Even those jobs are tough to get because of the competition. I need to reevaluate and revise my plan so I can compensate for the lack of money and at the same time, try to pay for school.
Political Artical Review
Political News Article Review: You will complete five political news article reviewsthroughout this assignment. Each political news article review should be 500 words, no more than two pages in length. You will type the reviewusing Times New Roman, 12inch front. *Please include the title of the article, author’s name, publication date, and the article source. To
begin your search, try sources such as Politico, The Huffington Post,
NPR News, Real Clear Politics, Vox, and the New York times.To complete the political news article reviews you will need to answer the following questions:What is the question that the author(s) is trying to answer? Give an analysis of the article. What is the main argument? What are the findings? What are the author’s conclusions? What potential impact does the issue being address have on society? Discuss the accuracy of the facts used in the story. How do you know that the sources used were reliable and accurate? Provide specific examples. Write 4 to 5 sentences ‘or more about what you learned from the article. Useful Websites:http://www.onlinenewspapers.comhttp://newslink.orghttp://www.newspapers.comhttp://www.refdesk.compaper.html Front pages of hundreds of newspapers from around the world daily at theNewseum: http://www.newseum.org/todaysfront pages/default.aspThe Wall Street Journal: http://online.wsj.comThe New York Times: http://www.nytimes.comThe New Republic: http://www.tnr.comThe Washington Post: http://www.washingtonpost.comThe Atlantic http://www.theatlantic.comThe National Review http://www.nationalreview.comPresidential Campaign Commercials Database:http://www.livingroomcandidate.orgC-SPAN http://www.c-span.orgCongressional legislative information https://www.congress.govFactCheck.org: http://factcheck.orgPolitiFact.com: http://www.politifact.com