Business 12th Edition by William Pride,Robert Hughes,Jack Kapoor

تمرين 3

DEVELO PING CRITICAL-THINKING SKILLS
Financial management involves preparing a plan for obtaining and using the money needed to accomplish a firm's goals and objectives. To accomplish your own goals and objectives, you should prepare a personal financial plan. You must determine what is important in your life and what you want to accomplish, budget the amount of money required to obtain your goals, and identify sources for acquiring the funds. You should monitor and evaluate the results regularly and make changes when necessary.
Assignment
1. Using the three steps shown in Figure 19.3, prepare a personal financial plan.
2. Prepare a three-column table to display your plan.
a. In column 1, list at least two goals or objectives under each of the following areas: Financial (savings, investments, retirement), Education (training, degrees, certificates), Career (position, industry, location), and Family (children, home, education, trips, entertainment).
b. In column 2, list the amount of money it will take to accomplish your goals or objectives.
c. In column 3, identify the sources of funds for each goal or objective.
3. Describe what you learned from doing this exercise in a comments section at the bottom of the table.