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Identify the savings goal and the time frame you determined for reaching your goal. Why is the time frame you identified realistic?

Assignment 2 Financial Plan Explanation Word Template

While writing responses to the prompts below, you may need to refer back to the budget you created in the Assignment 2 Financial Plan Budget Excel Template. Make sure you have completed your budget before completing this portion of the assignment.

Questions

  1. Identify the savings goal and the time frame you determined for reaching your goal. Why is the time frame you identified realistic?

[Write your response to Question 1 here.]

  • Explain why you chose the housing option you did and how it will help you achieve your selected financial goal.
    • What considerations, if any, did you give to the following when selecting your housing option?
      • Time frame for savings goal.
      • Familial situation.
      • Quality of life.
      • Trade-off decisions.
      • Other considerations.

[Write your response to Question 2 here.]

  • Explain your choices for non-rent expenditures and how they will help achieve your savings goal within the time frame.
    • How did you make the choices you did regarding non-rent expenditures?
    • How do your expenditures align with the financial goal you selected?

[Write your response to Question 3 here.]

  • Reflect on the productivity strategies you used to break down your financial plan into smaller steps to help you stay organized and productive.
    • How closely did you follow the plan you thought through earlier in the assignment instructions?
    • How did a step-by-step and organized approach help you to adjust your financial priorities and financial plan?
    • How did the approach you use draw upon productivity strategies that you had previously learned?

[Write your response to Question 4 here.]

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