Finance Risk Management
FINACIAL PLAN
- Since this course began I have opened up an additional account to keep business separate from personal finances.
- My plan is to keep my savings to at least $500 dollars. Once I reach $1000 dollars put that $500 in the emergency fund and try to reach $1000 dollars again etc.
Overall I have created a budget in which I follow to make sure that I am handling my finances properly and so I can pay my obligations off. I know in future references that I will need to adjust my budget due more investments and obligations that may apply to my financial plan. Now that I have a total of 3 accounts. I am more organized with my money. My whole priority is to save and invest. I currently haven’t made any investments but I plan on making some in the future.
Monthly Expenses | Total |
Gas | $ 100.00 |
gifts | $ 50.00 |
Repairs/Emergency | $ 100.00 |
Entertainment | $ 80.00 |
Clothes | $ 120.00 |
Personals | $ 20.00 |
| $ 470.00 |
Weekly Expenses | Total |
Clothes | $ 25.00 |
Food | $ 20.00 |
Gas | $ 25.00 |
Entertainment | $ 20.00 |
misc. | $ 30.00 |
OVERALL Total | $ 120.00 |
Yearly Expenses | Total |
Student Loans | $ 2,000.00 |
Other | $ 1,200.00 |
gas | $ 1,200.00 |
clothes | $ 1,440.00 |
Entertainment | $ 960.00 |
$ 6,800.00 |
Savings | Monthly Savings | Yearly Savings |
$ 280.00 | $ 3,600.00 |
Income Sources | Income Per Hour | Weekly Income | 2 Weekly Income | Monthly Income | Yearly Income |
Kohl's | $ 7.64 | $ 100.00 | $ 400.00 | $ 4,800.00 | |
UCCS Rec Center | $ 7.64 | $ 175.00 | $ 350.00 | $ 4,200.00 | |
$ 750.00 | $ 9,000.00 |