Develop a retirement plan for household

Assignment Help Finance Basics
Reference no: EM131429147

Read the instructions carefully: 

Personal Budget project will require you to examine cash inflows and outflows as well as develop a retirement plan for your household.  Each section provides clear direction. Please review grading rubric for further detail on grading expectations.

 You are to submit both a written paper as well as an Excel model to support your findings.  You are not required to repeat excel calculation in the paper but rather use it as a reference in the paper.  Format is important.  Excel models need to be well thought out with appropriate detail for the reader to understand independent of the written paper.

Please note that Part 1 is due in Week 2 and Parts 2 and 3 are due in Week 4. You must submit the assignments in the correct assignment folders for grading.

Week 2 Part 1  (must be submitted via Excel)

Personal Budget 

You need to develop a personal budget. Try to be as realistic as possible. If you are going to school and not working then do some research to find out what salary you will be making when you graduate. If you are working full time you can use your income now or an estimated amount assuming you will be making more money when you graduate.

For Example:

                                                            Budget        Actual

Gross Monthly Pay

Total est deductions

Net Pay

Rent/Mortgage

Utility - Electric

Utility - Gas

Utility - Water

Cable/Internet

Phone/Cell

.

.

.

Total Expense

Total savings

Take your total savings and multiply by 12 for 12 months.  This is your estimated saving (payment) per year. (If you want to do a more elaborate budget you can).

To make this budget useful do this in excel so you can actually use it.

Note: You can do your budget however you want as long as it is clear and understandable to the reader (me) and you.

Reference no: EM131429147

Readings on samuel colt and jp morgan

You have been given readings on Samuel Colt and JP Morgan. Each student is to address the essay question below in a professional and coherent essay. Colt and Morgan, who are

Key determinant of company use of current liabilities

Provide some examples of sources of short-term credit? How can use these examples to evaluate the cost of financing as a key determinant of a company's use of current liabil

What should you pay for the bonds now

Happy Cruise lines issued bonds 5 years ago with par $1000 and a 20 year life when issued. At that time the coupon rate was 12%. Now 10 years later the current market rate f

Determining the company credit policy

What impact can a company's credit policy have on sales, bad debts and accounts receivable? Is it better for cash flow to have a tighter policy or more flexible policy?

Transactions denominated in us dollars

When we think of the US dollar as a possible candidate for a world currency and we realize that most of the oil sold anywhere involves transactions denominated in US dollars

Calculate the cost of equity using the ddm method

a. Calculate the cost of equity using the DDM method. b. Calculate the cost of equity using the SML method. c. Why do you think your estimates in (a) and (b) are so different?

Rationale behind borrowing the entire amount

Suppose your company needs $35 million to build a new assembly line. Your target debt-equity ratio is .75. The flotation cost for new equity is 6 percent, but the flotation

Account at the end of two years

Your account pays interest at 8 percent p.a. You deposit $ 10,154 in it today. You must have exactly $ 53,665 in the account at the end of two years. What should you do at t

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd