{"id":907,"date":"2023-02-11T22:36:06","date_gmt":"2023-02-11T22:36:06","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/touchstone-finance\/"},"modified":"2023-02-11T22:36:06","modified_gmt":"2023-02-11T22:36:06","slug":"touchstone-finance","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/touchstone-finance\/","title":{"rendered":"Touchstone, Finance"},"content":{"rendered":"<p>&nbsp;<\/p>\n<h2>Touchstone 2: Creating a Personal Financial Plan<\/h2>\n<p><strong>SCENARIO:<\/strong> Imagine that you are in a position where you need to move \u2013 this could be because of a change in job, a need to modify your living arrangements, or something else. In addition to searching for different housing, you want to begin saving for a specific financial goal.\n<\/p>\n<p>You will use the <em>Assignment Template<\/em> (an Excel file) to create a budget that satisfies the scenario. You\u2019ll also answer reflection questions related to your goals.\n<\/p>\n<p><strong>ASSIGNMENT:<\/strong> This assignment has two parts. In part 1, you will create a financial plan based on the scenario described above. You\u2019ll use your productivity skills to organize your plan, and you\u2019ll use your problem solving skills to determine a reasonable rate of savings to reach your goals. Finally, you\u2019ll apply your technology skills to ensure that your budget is balanced, and expenditures (like housing) don\u2019t exceed your employment income.\n<\/p>\n<p>In part 2, you will answer reflection questions about the decisions you made and the skills you leveraged while building your plan.\n<\/p>\n<p>For this assignment, you will:<\/p>\n<ul>\n<li>Create a budget for a financial plan using Microsoft Excel, ensuring that the information is organized, accurate, and complete.<\/li>\n<li>Identify a personal savings goal and a time frame for reaching it.<\/li>\n<li>Explain how your choice of housing will help you achieve your personal savings goal.<\/li>\n<li>Align your expenditures to support your goal.<\/li>\n<li>Reflect on how creating a step-by-step and organized approach to the assignment helps you adjust the financial priorities in your plan.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Touchstone 2: Creating a Personal Financial Plan SCENARIO: Imagine that you are in a position where you need to move \u2013 this could be because of a change in job, a need to modify your living arrangements, or something else. In addition to searching for different housing, you want to begin saving for a [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[316],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/907"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=907"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/907\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=907"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=907"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=907"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}