TUTORIAL

PA 305 AKPK’S PERSONAL FINANCIAL MANAGEMENT

Individual Task

Individual Presentation

Preparing A Financial Goals and Budget

(CLO1, L0-2, C4)

Ø  Set up a Financial Goals (Discussion)

o   Prepare your personal financial goals

o   Break each goal down into those that are short-term, medium-term and long-term.

o   Ask each person to set up a budget  that includes the fixed  expenses,  variable expenses and discretionary expenses.

Ø  Discuss the budgets (individual).

·         How much money would you need to move?

·         How long would it take them to save the money ?

·         How many students included savings in their budget

·         How many took into consideration unforeseen events

·         How many took into consideration their personal and financial goals?

Budget living on Your Own