Report Structure:

$1.$ Develop Financial GoaReport Structure:

$1.$ Develop Financial Goals $($One goal in each category$)$

o Short term $($Less than two years$)$

o Intermediate $(2-5$ years$)$

o Long term $($More than five years$)$

$2.$ Review Your Current Financial Situation

o Annual Current and Projected Net worth Statement $($For next five years$)$

o Current Monthly Budget and Projected for next $12$ months.

Note: Provide all assumptions taken for projected statements.

$3.$ Identify Alternative Courses of Action

o Provide at least two alternatives to achieve each goal.

o Support each alternative with relevant financial data.

$4.$ Evaluate Alternatives

o Take into consideration your life situation, personal values and current economic situation.

o Opportunity cost is what you give up by making a choice.

o The cost, referred to as the trade$-$off of a decision, can be measured in money or time

o Consider lost opportunities that will result from your decisions.

o Evaluate the risks faced

o Choose one alternative for each goal which you may like to choose.

$5.$ Action Plan

o Recommend a timeline and actions to implement each goal.

$6.$ Review

o Recommend a review plan.

o Support your review plan with reasoning.

Instructions:

$$ Report should start with title page followed by table of contents and ends with references.

$$ May use provided financial statement sheet for guidance.

o Current Monthly Budget and Projected for next $12$ months.

Note: Provide all assumptions taken for projected statements.

$3.$ Identify Alternative Courses of Action

o Provide at least two alternatives to achieve each goal.

o Support each alternative with relevant financial data.

$4.$ Evaluate Alternatives

o Take into consideration your life situation, personal values and current economic situation.

o Opportunity cost is what you give up by making a choice.

o The cost, referred to as the trade$-$off of a decision, can be measured in money or time

o Consider lost opportunities that will result from your decisions.

o Evaluate the risks faced

o Choose one alternative for each goal which you may like to choose.

$5.$ Action Plan

o Recommend a timeline and actions to implement each goal.

$6.$ Review

o Recommend a review plan.

o Support your review plan with reasoning.

Instructions:

$$ Report should start with title page followed by table of contents and ends with references.

$$ May use provided financial statement sheet for guidance.