Personal financial planning

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CGE17105 Personal Financial Planning

Individual Assignment

Personal Financial Plan

Plagiarism Declaration
I have read the section on Plagiarism in the University Handbook (also available online) and declare that, to the best of my knowledge and belief, this essay/assignment is my own work, all sources have been acknowledged and the essay/assignment contains no plagiarism. I further declare that I have not previously submitted this work or any version of it for assessment in any other unit offered by CCCU or City University or any other institution.

Signed: Charmaine Yung

Date: 22-11-2013


1. Personal profile with curriculum vitae (CV)
2. Introduction and my timeline
3. Stage 1(Education Planning)
4. Stage 2(Affordable Housing)
5. Stage 4(Retirement Planning)
6. Appendixes
7. Reference List

Personal profile with curriculum vitae (CV)

Personal information
Name: YUNG TING TING , Charmaine ( 翁婷婷)
Gender: Female
Age: 18
Nationality: Chinese

Academic background

Associate degree in Global Logistics and Supply Chain Management 2013-2015 Community College of City University

Completion Form 1-6 Sep 2008-May 2013 S.K.H Lam Woo Memorial Secondary School

HKDSE 2013 6 subjects passed including English, Chinese, Maths, LS, Econ, BAFS (accounting)

Work experience
Name of the company: China Life Insurance (overseas) Company Limited August 2013
Job title: insurance agent assistant
Duty: Data entries, assist insurance agents, provide insurance services and give advices to the clients Job skills
Computer skill: Microsoft office (word, excel, Power Point)
Typing skills: 40words in English per minute, 30 words in Chinese per minutes Language skills: Cantonese, English and Mandarin
Communication skills: Satisfactory

I was just graduated from my secondary school and started my associated degree in 2013. In the next years, I am going to achieve my personal goals of education planning, career development, affordable housing, investment planning and retirement planning. So I would like to develop my financial budget and certainly make some important decisions in this report with using some evidences so as to illustrate my personal financial planning properly. First of all, a timeline is drawn below which to describe my personal financial planning in chronological sequence. 18 21 23 25 31 60 85 Present further studies buy property retire Finish my bachelor degree

Start my investment 4 years 29 years 20 years 10 years
Stage 1
Age18-21: Budgeting my tuition fee of associated degree and bachelor degree (around $178700 in total)
Age21-25: Starting to prepare for my further studies within 4 years Assume that $500,000 in total is needed
Age 18-60: Accumulating working experiences after graduated from University Stage 2
Age 21-31: Preparing for buy my own property which worth $4,800,000 Assume that $1,632,000 is down payment. Stage 3
Age23-25: Pursue master degree studies oversea
Stage 4
Age31-60: Preparing for retirement...