Question

Please prepare a written response regarding financial planning/forecasting. This should include both long-term and short-term plans and may be based on your own personal experience. Planning to start college, buy a car, move into an apartment, buying your first home, etc. Walk me through the process from start to finish. The goal of this assignment is to demonstrate you can apply concepts learned in Chapter to 4 to your personal life, work, family etc.

Answer 1

The goals of the provided assignment by considering the financial planning / Forecasting, the following Goals are:-

1.) College :- when a person is in school so she is too excited to go into college and enjoy the college life and for this he wants to buy new clothes, a new mobile phone and a new vechile but due to money constraint she is not able to purchase the whole things what she wants because father is spending money on behalf of him.

2.) Buy a Car :- After completing the education he wants some employment. After joining the job he wants to buy    vechile according to their budget and after some years when he can afford to buy a car then he will purchase car within his budget.

3.) Move into apartments :- After getting more promotios and increment he will be able to move into apartments and he will be in position to move into apartments and it is always saying that desires increases so after that he will move to buy a new dream home.

4.) Buy a new dream home :- when he will be able to invest a major part of money into the dream house then he will do according all the situation and scnario and it will be the major investment for him.