Posted on May 9, 2018 Updated on May 9, 2018

Project

For this assignment, outline the income and expenses for the second 30 day period.  (Expenses and Income Part attached in excel file)

Write  a report that is at least 2 pages but no more than 4 single spaced and answers the following questions

Part 1

The first part of your paper should answer these questions:

1)How well did your actual income and expenses compared to the budgeted expenses?

2) What factors contributed to you not actually spending as you planned to spend?

3) Were the factors identified in #2 controllable or uncontrollable by you?

Part 2

The second part of the paper should describe your financial plan. This plan should include a summary of the short-term and long-term financial goals. Projected costs of those goals, a summary of the financial instruments (e.g., insurance, savings, investment, mortgages, loans, etc.) you will utilize to achieve those goals, milestones to measure progress, projected budgets, balance sheets, and income statements for consecutive 5-year periods (i.e., five years from now, ten years from now, fifteen years from now, etc.) up to your planned retirement age (i.e. the age you intend to retire, not necessarily age 65), and an assessment of the risks to the financial plan)