French

Unit: Personal Financial ManagementThis activity will help you meet these educational goals:Content KnowledgeYou will learn how to prepare a budget for different phases of life based on your financial goals. InquiryYou will conduct online research, in which you will collect information and communicate your results in written form. 21st Century SkillsYou will use critical thinking and problem-solving skills and communicate effectively. IntroductionIn this unit activity, you will go through the process of developing your financial goals. Based on this, you will develop budgets for different phases of life. __________________________________________________________________________Directions and AnalysisTask 1: Budget and Net Worth Keep track of your income and expenses for one month. List all your assets and liabilities (debts owed) in a spreadsheet. Based on these documents, develop a monthly budget and a net worth statement. Task 2: Financial GoalsDetermine and list your financial goals. Task 3: Budget for 25- to 30-year-old Business ProfessionalsTalk to your mentor, family members, or relatives between the ages of 25-30 and who are employed to see what their budgets look like. Develop a sample budget for someone aged 25 to 30 years old. Task 4: Budget for 55- to 65-year-old Business ProfessionalsTalk to mentors, family members, or relatives between the ages of 55-65 and who are nearing retirement. Develop a sample budget for someone aged 55-65, considering the adjusted income and expenses in this life phase. Type your response here: