HU Financial Management Budgeting Monthly Savings and Investment Essay
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Know Your Current Financial Situation) – Using the selected articles and other credible outside sources, answer the challenge of this assignment. Take an honest look at your entire financial situation. Using the charts within the weekly article, determine and describe your current net worth by comparing your current assets (what you own) compared to your current liabilities (what you owe). Now, track and identify your typical monthly income and a typical month of expenditures. Next, identify the amounts you would be able to save on a monthly basis. Furthermore, declare the types of investments you would use within your portfolio. Finally, if you were to assume an average 10% gain per year, calculate and project the amount of savings you would accumulate by the time you turn 65 years old (a typical retirement age). State whether your financial plan meets your expectations. If your plan does not meet your expectations, what options may you have better your financial plan?
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