FIN 250 Final Project Milestone One
Worksheet 1: Personal Financial Goals Worksheet
Within this spreadsheet, you will have the opportunity to prioritize and organize your goals and expectations. Note that the establishment of an emergency fund
and the elimination of credit card debt are listed as potential considerations. Refer not only to Chapters 1 and 2, but also Chapters 5 and 6 and contemplate how
you might prioritize use of your resources. Complete this spreadsheet and use it as the basis for your plan.
Worksheet 2: Financial Objectives Worksheet
Within this spreadsheet (located in a Word document), you will have the opportunity to document personal financial objectives, specifically those that are longer
term plans. Noting the relevancy to most individual’s long-term plans, this document allows one to consider not only present but future anticipated requirements
of resources for education, family, health, and retirement needs. Complete this comprehensive list and consider any relevant planning requirements that you will
need to initiate today.
Worksheet 4: Balance Sheet Worksheet
Within this spreadsheet, you will document your net worth by completing the required elements of a personal balance sheet. You may refer back to Chapter 2 of
your textbook for a model that mirrors this document. Include your assets, liabilities, and assess your equity position. Complete this file and consider the necessity
for change in various areas. There are two tabs, so be sure to complete both tabs. (Hint: In the future you will be revising your plan according to anticipated
changes that you have identified in Worksheet 2 or in future weeks when we consider the impact of home ownership and other major financial decisions.)
Worksheet 5: Simplified Income Statement Worksheet
Within this spreadsheet, you will document the distribution of your take-home pay by completing the required elements of a personal income statement. You may
refer back to Chapter 2 of your textbook for a model that mirrors this document. Include your assets, liabilities, and assess your equity position. Complete this file,
and consider the necessity for change in various areas. (Hint: In the future you will be revising your plan according to anticipated changes that you have identified
in Worksheet 2 or in future weeks when we consider the impact of home ownership and other major financial decisions.)
DETAILED ASSIGNMENT
