Essays on Personal Finance

Following the guidelines of the course ID guidelinesStudent’s NameUniversity

An individual faces different types of problems, out of which the financial issues are the most commonly seen phenomena. The usually faced personal financial problems are the overspending of income and not knowing the perfect way to save for the future uncertainties. There is a need for identifying these problems in the early phase of life in order to secure the future financially. In this paper, I have applied the Five-Step Model as described by John Chaffee in his book “Thinking Critically” (Chaffee, 2014). The identified Five-Step Model provided in chapter three of John Chaffee’s “Thinking Critically” book ...

Question 1

One of the aspects learned in this course is that organization skills are critical to accomplishing objectives. Poor organization can cause one to lose track of the requirements at work or even lead to wastage of resources in case one is working on a limited budget. Well set out and clear objectives can be used as a benchmark upon which performance in a job is measured. It is through measuring the performance level that one realizes the areas that may need improvement.

Question 2

What have you learned about personal finance that you may apply to your personal life and how ...

PERSONAL FINANCE INVESTMENT IN QATAR: INVESTING QR 1000000

Abstract This article describes a personal finance project which entails the investment of QR 1000000 in a short time frame, from 1 March to 27 May 2016. We first define personal finance and establish the five steps of a personal financial planning process, which entails: (1) assessment of the individual’s financial situation; (2) determination of the individual’s financial goals; (3) creation and details of the financial plan, based upon the determined goals; (4) execution of the aforementioned plan; (5) monitoring and reassessment of the plan. For each one of the five stages, we carry out the required ...

Personal Finance

Personal Finance

Introduction

The economy of the United States impacts personal finance either directly or indirectly. Importantly, the government regulates personal finance through interest rates and taxes. Most taxes are directed to social programs to help the needy. Due to income disparities, citizens opt to acquire credit cards from local banks or other lenders. The credit card allows consumers to spend in advance and keep track of their expenditure. However, those who settle their credit card balance late, pay high-interest rates. The purpose of this paper is to address the role of government in the personal finance. Also, the paper ...

PERSONAL FINANCE PAPER

PERSONAL FINANCE PAPER John Smith is 32 years old; he is Mechanic Engineer from the University of Cornell. He has a wife and two children. He is working in full time in an automotive Shop in Albany, New York. He lives with his family in Lakeland, Florida. He works 160 hours a week in the shop receiving 5000 USD per month. His aspiration is to work in the automotive sector specifically in an automotive factory or a car accessory manufacturer. He wants to be economically free before his 50 years. He defines economically to have a passive income higher ...

Personal Financial Advice

According to Arends, management of personal finances is not as complicated as people think. To him, personal financial management is simpler. Arends pointed out that people who wish to manage their personal finances ought to first discard pontificating, jargon, and technical stuff. Arends further suggested how people should effectively manage their personal finances. To Arends, financial and economic forecasts are meant to create jobs for forecasters, and they should be ignored. On financial investments and strategies, the idea is to keep simple because the reason why they appear complex is to create jobs for salesmen and managers. There is ...

Introduction

Every segment of the American economy is under pressure and college education has not been left behind. The cost of college education has risen sharply in the recent past and a big percentage of American College students risk being left out of college education if the cost rises further. The increase in costs has come forth in spite of the excruciating cost-cutting done by colleges on every activity in the institutions. The increase in tuition fee actually outperformed the overall inflation rate.

The increase in cost of college education in US could eventually put college education out of reach for ...