Assignment 2: Financial Planning
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. 2. Describe one long-term goal that you have and at least two things you will need to do in order to accomplish that goal. (2-4 sentences. 1.0 points) My long-term goal is to be famous; two things I will have to do to accomplish that are to get my entertainment permit and find a manager and or an agent. 3. Describe two of your long-term financial goals, and explain why these goals are important to you. List at least three steps that might help you accomplish this goal. (4-6 sentences. 2.0 points) To have enough money by the time I’m forty to retire and live a comfortable life. It’s important to me because that’s how I would like to live. Three things I could do to reach that goal are get rich, stay rich and don’t go broke. 4. Describe an example of a common financial resource, an expense, and a debt. These can be examples from your own life or from other people you know or can imagine. (3-6 sentences. 3.0 points) My mom’s monthly phone bill 5. Describe a real or made up but realistic example of earned income that you or someone you know has received. What type of work was the income from? Was the income in the form of a salary or wages? (1-2 sentences. 1.0 points) My friend who works at McDonald’s, It was in the form of weekly wages. 6. Describe a real or made up but realistic example of unearned income that you or someone you know has received. (1-2 sentences. 1.0 points) Someone’s child support checkI 8.In your Section_2 folder, navigate to and open the Example_1040EZ, and then complete the steps below to save a copy of the file with your initials in your Section_2 folder. a. Click the File...
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