WRITE ONE OR TWO PARAGRAPHS, please post something that you found interesting and/or significant about Financial Management. Please post specific examples from the reading you found significant about these topics, as it helps define or contribute to Personal Finance. Explain the advantages and disadvantages. Support your answers with examples from the textbook, current events, or other forms of media.

WRITE ONE OR TWO PARAGRAPHS, please post something that you found interesting and/or significant about Personal Risk Management. Please post specific examples from the reading you found significant about these topics, as it helps define or contribute to Personal Finance. Explain the advantages and disadvantages. Support your answers with examples from the textbook, current events, or other forms of media.

Financial Goals Instructions: READ THIS PAGE & then click on "FINANCIAL GOALS" tab (page 2) at the bottom to answer the 6 questions for each of the 3 goals) Please develop three measurable (dollar amount required), specific (such as taking a vacation, reducing credit card debt, building emergency reserves, buying a car, etc.), time limited (include specific month and year) and realistic short term, mid-term, and long-term goals that are of highest priority to you. Here is an example of a measurable, specific, and time limited goal: I will have an 8 month emergency reserve of $24000 by June 20xx. Examples of financial goals (short, intermediate, and long-term): Short: Saving ten percent of income every month (short-term), or buy a cell phone. Int: Saving to buy a hybrid car in two years (intermediate), or buy a truck. Long: Saving to buy a house ten years after graduation (long-term), or buy a condo. Remember, Financial goals should be S.M.A.R.T. - think about it each answer S Specific what are you saving money for? (be specific) M Measurable what is the desired dollar amount? (be specific) A Attainable how will you reach this goal? (be specific) R Realistic what are you willing to give up, to save this amount? (be specific) T Time Specific what date do you hope to have this money saved? (be specific) You cannot use words like less or more or some or try, these are not measurable financial goals. Bad example: eat less candy or spend less money Better example: throw an end of semester party Short-term goals could be the purchase of: (examples) -saving for household furniture -saving (in advance for school books) -saving for minor home improvements -saving for a car down payment -saving for a night out -saving to buy a new cell phone -saving for a trip to Disneyland -etc. But these short-term financial goals differ from the day-to-day household expenditures. A short-term financial goal is one that youd want to achieve in one to two years. Most investment advisors say your first short-term goals should be getting your finances in order by eliminating credit card debt and establishing a rainy-day fund (savings). Intermediate-term and long-term goals include events such as, buying a house, starting a business, and retiring according to your own schedule. FYI: People can usually cut back on spending (common examples: less coffee, less candy, less fast food, less movies, less travel, less speeding (use less gas), less spending, buying generic name brands, cutting coupons, buying sale items, etc.) READ THIS PAGE & then click on "FINANCIAL GOALS" tab (page 2) at the bottom to answer the 6 questions for each of the 3 goals)

Financial Goals: READ INSTUCTION TAB - Before Answering Questions Name: Remember, Financial goals should be S.M.A.R.T. - think about it each answer S Specific what are you saving money for? (be specific) M Measurable what is the desired dollar amount? (be specific) A Attainable how will you reach this goal? (be specific) R Realistic what are you willing to give up, to save this amount? (be specific) T Time Specific what date do you hope to have this money saved? (be specific) Short Term Goal: FYI: "Exercise More" or "Loose Weight" are NOT (Financial Goals) What is your (financial) goal? (this is a $ related goal) What is the target date for reaching your goal? What is the estimate cost of your goal? (this is a specific $ amount) Can you cut back on current spending to put toward your goal? (FYI: Yes) If yes, where will you cut back, and by how much? If required, how can you increase income to put money towards your goal? Intermediate Term Goal: What is your (financial) goal? (this is a $ related goal) What is the target date for reaching your goal? What is the estimate cost of your goal? (this is a specific $ amount) Can you cut back on current spending to put toward your goal? (FYI: Yes) If yes, where will you cut back, and by how much? If required, how can you increase income to put money towards your goal? Long Term Goal: What is your (financial) goal? (this is a $ related goal) What is the target date for reaching your goal? What is the estimate cost of your goal? (this is a specific $ amount) Can you cut back on current spending to put toward your goal? (FYI: Yes) If yes, where will you cut back, and by how much? If required, how can you increase income to put money towards your goal?