This Link is the budget template (Should include Budget template in the Answer can be a link to the answer of the Budget) https://docs.google.com/document/d/1807q5u_TNsB_NP_juVjmeF2wgbQ8RHcoXx1H9K3gTQc/edit?usp=sharing

Draft Two - Three Pages of the Elizabeth ted talk

Paragraph Personal Finance Crisis Reflection

Watch Elizabeth White's TED Talk by clicking the following link. Captioning and transcripts are available at the link.

https://www.ted.com/talks/elizabeth_white_an_honest_look_at_the_personal_finance_crisisLinks to an external site.

Draft a paragraph summarizing your thoughts about Elizabeth White's TED Talk.

• What are your major takeaways from the video?
• Did you find any of her points to be concerning? If so, which ones?
• How is this talk relatable to you and your future?

Paragraph Financial Application

• Use the appropriate formula from the Financial Literacy Unit (Chapter 10) to solve the following problem:
  • Suppose you invest the total monthly amount you put aside for savings in your budget each month in an ordinary annuity that earns 2.5% compounded monthly. Determine the accumulated amount after 1 year and then after 3 years.
  • Consider increasing the amount you put aside for savings each month by $100. If you saved $500 originally, now you are saving $600 per month. Now, determine the accumulated amount in an account that earns 2.5% compounded monthly after 1 year and then after 3 years.
• You must thoroughly explain the formula you chose and the variables in the formula, and include your work. Round your answers to the nearest cent.

Paragraphs : Financial Application Reflection and Conclusion

• Reflect on your calculations between the original monthly savings and the new amount of savings (increased by $100). How did the compound amounts change after 1 year? How did the compound amounts change after 3 years? What can you conclude from your calculations? Would it be worth to you to reduce some expenses in order to save an additional $100 per month?
• Conclude the assignment with a short reflection on the financial literacy assignment and what you have learned from it.