Memo: Financial Goals and Personal Spending Plan
Overview: Develop financial goals (use Smart Goals or specify objectives) and a workable monthly spending plan (budget) for the next twelve months (Start Dec 2019). Use the Spending Plan Excel Worksheet (on Canvas) and update it for your numbers and spending accounts. Then you will write a one page memo discussing the key issues in your plan. Identify your core goals and clear objectives that you expect to reach with this plan. Discuss the important areas of focus that can cause success or failure. Identify what you (and your family) will need to do in order to meet this spending plan.
Outcomes: Student will develop a customized and personal financial plan through analysis, goal setting, and planning.
Tasks:
Due Date: Check Course Schedule
Submit both memo and spending plan.
The spending plan should be in PDF format.
The memo should be submitted using MS Word in business memo format
Document formatting: Business memo format (single line space)
One page -Typed (one side), Standard Black Print
12 point Arial font (or other sans serf font.)
Grading and Feedback: Instructor Feedback on this assignment will be available within a week of the due date for the assignment. Extensive feedback is provided as well as scoring on the assignment rubric (below) and it is the expectation that both the rubric scoring and instructor comments are reviewed.
This Memo will be assessed based on the guidelines identified in the following rubric. It would be beneficial for you to self-grade your memo using this rubric before you finalize it and submit the report.
Rubric
Spending Plan Memo Rubric
Spending Plan Memo Rubric | ||||||
Criteria | Ratings | Pts | ||||
This criterion is linked to a Learning OutcomeSpending plan worksheet |
|
20.0 pts | ||||
This criterion is linked to a Learning OutcomeQuality of Information |
|
30.0 pts | ||||
This criterion is linked to a Learning OutcomeBudget/Spending Plan execution |
|
15.0 pts | ||||
This criterion is linked to a Learning OutcomeActions steps |
|
20.0 pts | ||||
This criterion is linked to a Learning OutcomeMechanics, (format, typos, grammar, spelling) |
|
15.0 pts | ||||
This criterion is linked to a Learning OutcomeGeneral Learning Goal #6
Demonstrate basic skills such as use of common business terminology, information search skills, presentation skills, writing skills and team skills. threshold: 7.0 pts |
|
— | ||||
This criterion is linked to a Learning OutcomeGeneral Learning Goal #10
Explain the importance of accounting information and measurement systems in today’s business. threshold: 7.0 pts |
|
— | ||||
Total Points: 100.0 |
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