If Stella buys a new car she will face an opportunity cost when he has to give up her savings because she could keep her savings in the bank for future investment as the deposit for a house rather than spend it all on a new car. That money could also be invested in shares or in a small business that will generate income or increase their value over time, and otherwise a car as time goes loses its original value. Besides vehicle maintenance could be a constant loss in her investment. Stella has to maximize her utilities in order to make a good decision and probably give up a new car and get a used vehicle and use the rest of the money for other investments or keep it as a back up in her bank account. 2.
4. Describe an example of a common financial resource, an expense, and a debt. These can be examples from your own life or from other people you know or can imagine. (3-6 sentences. 3.0 points) ~An example of a financial resource is a share.
You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress. Review Lesson 4 of the Course Overview for instructions about turning in your assignments. Assignment Questions 1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally.
1. Describe a real or made up but realistic situation that could cause you or someone you know to have to use money from a financial reserve. (3-6 sentences. 2.0 points) A made up situation that could cause myself or someone I know to have to use money from a financial reserve could be if you go to buy a house. You could pull the money out and use it towards the house.
In order to obtain the goals I have set, I will have to determine the steps which are needed for each goal as well as any barriers that could alter achievement. For my short-term goal of buying a used car, it will require that I develop a savings plan and determine a time frame for what will be saved. My savings plan will include saving two hundred dollars every pay period to reach $1000 in ten weeks. After reaching the desired amount, I plan to search the Internet and newspaper ads for the right vehicle and take the time needed to search properly and not rush into buying something. However, it is also important to consider unexpected expenses that may arise resulting in prolonging the time frame that had been set.
You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress. Review Lesson 4 of the Course Overview for instructions about turning in your assignments. Assignment Questions 1. Think of a real or made up but realistic example of a pure risk that you or someone you know may face, and then answer the questions below.
The main reason i plan to graduate the year of 2013 is because I'm not willing to waste another year when i know for a fact that i can be doing something to accomplish my goals and dreams in life faster. Im through with being babysat by teachers, parents, elders, etc..Its time for my generation to step up. I know and I'm aware that its going to be really tough. I'm also aware of the requirements for this opportunity.
1) I am at Chadron State College to get a degree in Exercise Science. Growing up I made multiple visits to Chadron and have always thought CSC would be the perfect place to further my education. When time to choose a college actually came it turned out to be a tough decision, but since Chadron is so close to home and very affordable I decided that it would be the best fit. I also liked how most CSC graduates had lots of job opportunities right after graduation and am hoping for the same when it is my turn to graduate. 2) According to my time log my top three priorities are school, my family/friends and my health.
My Academic Philosophy I feel that education is in place to help students to fully achieve their goals in life. Students of today are our tomorrow. High school is here to help us set our GPA so that we can apply to a great college. When I entered ninth grade, I thought I knew what I was capable of, but I was wrong. As time went on I realized that I needed so much more.
Education is very important to everyone, young and old. Most everyone needs a good education to reach their career goals. For me, after graduating from university I would like to continue on and get a higher education. I am determined to pursue my education and reach my goals. Nowadays, I’m study first year at the Economic and Finance Institute.