# 个人财务管理代写 Personal Financial Management

## Personal Financial Management Scavenger Hunt

To receive extra credit, complete EACH of the following "missions."  This assignment is designed to help you get the tools to build a solid financial future.  This is not a group project.  Please work on this individually to ensure that you receive the full benefit of the assignment.

1. ### Save a Million  个人财务管理代写

Go to http://www.tcalc.com/tvwww.dll?user?tmplt=usertool.htm&cstm=completetax3 and calculate how much you would have to save each month at 9% interest (the average annual stock market return) at an income tax rate of 24% in order to save one million dollars by the time you reach the age of 65.  Check out some of the other online calculators while you're here!

Amount you would need to save each month if you started TODAY:  \$___________

Amount you would need to save each month if you started 10 years from today:  \$___________

Amount you would need to save each month if you started 20 years from today:  \$___________

1. ### Budgeting  个人财务管理代写

Open the Budget Worksheet and create two basic budgets based on an assumed income of \$60,000.  Use the following national averages as a benchmark to compare with your percentages - your needs may vary.  For the "assumed" budget be sure to include at least 10% savings (15% would be better).

Additional budgeting ideas can be found at http://www.practicalmoneyskills.com/: Use the search feature and look for “Budget.”

Budget item                                       Typical percent of monthly income

Housing                                                               24%

Transportation                                                     7%

Food                                                                   12%

Clothing                                                               5%

Insurance                                                             1%

Entertainment                                                       2%

Education                                                            1%

Vacation                                                              4%

Bank Fees and Loans                                          3%

Taxes                                                                  25%

Savings (recommended)                                       10%

Other (gifts, child care, charity,                             6%

subscriptions, dues, medical, etc.)

1. ### Investing/Retirement 个人财务管理代写

In the example, how much more does Michael have in the end compared to Sam?  (i.e. Michael’s total minus Sam’s total)

\$ ______________

After reviewing the mini course, list the four "common mistakes" you should avoid:

1. ______________________________________

2. ______________________________________

3. ______________________________________

4. ______________________________________

3.3 Go to http://www.sec.gov/investor/pubs/assetallocation.htm.  Read the article.  What, essentially is "asset allocation?"  Use the asset allocation calculator provided in the article to calculate the asset allocation that MAY be right for you.  What percent stocks (add the first four on the list together) does the calculator suggest for you? Bonds (the next two)?  Cash (the last one)?  What might this mix look like for you 30 years from now?  (Experiment with "current assets" and other variables.)

Asset allocation is ____________________________________________________________________________________________________________________________________________________________

Today:  Percent stocks ________ %, bonds ________ %, cash ________ %

30 years from now: Percent stocks ________ %, bonds ________ %, cash ________ %

https://investor.vanguard.com/mutual-funds/index-funds

1. What is an "index fund"?

2. What are the advantages of an index fund?

1. ### Credit

2. Go to http://credit.about.com/od/creditcardbasics/a/dosandonts.htm. Summarize the dos and don'ts of wise credit card use.

Dont's

1. __________________________________________________________________________________________________________________________________________________________

2. __________________________________________________________________________________________________________________________________________________________

3. __________________________________________________________________________________________________________________________________________________________

4. __________________________________________________________________________________________________________________________________________________________

Do's

1. __________________________________________________________________________________________________________________________________________________________

2. __________________________________________________________________________________________________________________________________________________________

3. __________________________________________________________________________________________________________________________________________________________

4. __________________________________________________________________________________________________________________________________________________________

5. Go to http://credit.about.com/od/usingcreditcards/tp/pay-more-than-minimum.htm and describe what YOU think is the most important reason to pay more than the minimum:

1. Read the article at http://credit.about.com/od/avoidingdebt/tp/debtspending.htm and answer this questions, "Which spending habit do you think is the most 'dangerous' in terms of getting you into debt?"  "Why?"

1. Go to the “Resources” link at our course Blackboard site and download the PDF file “Knowing and Understanding Your Credit.”  List 10 “Steps you can take on your own” to improve your credit score.

2. _____________________________________________________________________

3. _____________________________________________________________________

4. _____________________________________________________________________

5. _____________________________________________________________________

6. _____________________________________________________________________

7. _____________________________________________________________________

8. _____________________________________________________________________

9. _____________________________________________________________________

10. _____________________________________________________________________

11. ____________________________________________________________________

1. ### Resources

View three articles that look interesting.

• Write down the name(s) of the articles you viewed.

Articles viewed:

1. _____________________________________________________________________

2. _____________________________________________________________________

3. _____________________________________________________________________

1. ### Children's College Education  个人财务管理代写

Go to http://money.howstuffworks.com/personal-finance/financial-planning/529.htm.  How much is a public university education expected to cost 15 years from now?  What are two key benefits of the "529 Plan?"

1. ### Long Term Care Insurance

Go to http://www.longtermcarewiz.com/LTCWiz/basics.htm and answer the following questions:

What is the average annual cost of a long term care facility in America?  \$ ____________

Who pays for long term care?  _______________________________________________

What can you do to insure yourself against the risk of the cost of long-term care?  ___________________________________________________

1. ### FREE information

Go to https://pueblo.gpo.gov/Publications/PuebloPubs.php?NavCode=XA&CatID=9&PHPSESSID=65h5d5agv6v9jrg3j0he16snk4 and select three publications that you feel may be useful to you.  Download the pdf files associated with the publications you chose.  List the names of these publications in the spaces provided below: