[Solved] brumsey final

Assignment Prompt & Instructions

please see attachment

– ## brumsyfinal.docx

**## brumsyfinal.docx**

2

**Overview**

The Financial Literacy Portfolio is a capstone project that demonstrates your understanding and application of personal financial management concepts from Modules 1-6. Using the S-M-A-R-T goal framework introduced in Chapter 1, you will develop three personal finance goals and create a comprehensive action plan for achieving them. This project allows you to apply course concepts to your own financial situation (or a hypothetical one) while demonstrating your ability to create a cohesive financial plan.

**Worth: 165 Points**

**Due Date: July 14, 2025**

**Learning Objectives**

Through this assignment, you will:

· Apply the S-M-A-R-T goal framework to develop meaningful financial objectives

· Synthesize concepts from Modules 1-6 into a cohesive financial plan

· Demonstrate understanding of financial planning, money management, taxation, financial services, consumer credit, and purchasing strategies

· Analyze potential risks associated with financial decisions and develop risk mitigation strategies

· Create a professional presentation that effectively communicates your financial plan

**Assignment Components and Point Distribution**

This assignment consists of three main components, presented through a PowerPoint presentation and a brief written reflection:

1.
**S-M-A-R-T Financial Goals** (45 points)

2.
**Action Plans with Module Integration** (75 points)

3.
**Risk Analysis and Mitigation** (25 points)

4.
**Written Reflection** (20 points)

**Deliverables**

You will submit TWO items via Canvas:

1.
**PowerPoint Presentation** containing your S-M-A-R-T goals, action plans, and risk analysis

2.
**Written Reflection** document (1-2 pages, double-spaced)

**Assignment Details**

**Component 1: S-M-A-R-T Financial Goals (45 points)**

Develop three S-M-A-R-T goals in the following categories:

1.
**SAVING Goal** (15 points) – A goal focused on building savings or investments

2.
**SPENDING Goal** (15 points) – A goal related to a major purchase or spending plan

3.
**SHARING Goal** (15 points) – A goal focused on donating money, time, or skills to a charitable cause

Each goal must follow the S-M-A-R-T format:

·
**Specific**: Clearly define what you want to accomplish

·
**Measurable**: Include concrete criteria for measuring progress

·
**Achievable**: Realistic given your financial circumstances

·
**Relevant**: Aligned with your overall financial objectives

·
**Time-bound**: Set a specific timeframe for completion

**Component 2: Action Plans with Module Integration (75 points)**

For each of your three S-M-A-R-T goals, develop a detailed action plan with 3-5 specific steps. Your action plans must incorporate concepts from Modules 1-6:

**Module 1: Personal Financial Planning** (15 points)

· Incorporate personal financial statements (income statement and balance sheet)

· Apply time value of money concepts to goal planning

· Consider economic factors that might impact your goals

**Module 2: Money Management** (15 points)

· Include budgeting techniques relevant to your goals

· Apply appropriate financial ratios to assess feasibility

· Outline cash flow management strategies

**Module 3: Taxes in Financial Planning** (15 points)

· Address tax implications of your financial goals

· Incorporate relevant tax planning strategies

· Identify potential tax advantages or disadvantages

**Module 4: Financial Services** (10 points)

· Identify appropriate financial accounts or services to support your goals

· Compare financial institutions or products based on features and benefits

· Address security and protection of financial assets

**Module 5: Consumer Credit** (10 points)

· If applicable, outline responsible credit usage related to your goals

· Address impact on credit score or creditworthiness

· Analyze cost of credit and repayment strategies

**Module 6: Consumer Purchasing** (10 points)

· Apply wise buying strategies for major purchases

· Include product/service research methods

· Address consumer protections relevant to your goals

**Component 3: Risk Analysis and Mitigation (25 points)**

Identify and analyze at least three potential risks associated with your financial goals. For each risk:

· Describe the nature of the risk (7 points)

· Assess the potential impact on your financial goals (8 points)

· Outline specific strategies to mitigate or manage the risk (10 points)

**Component 4: Written Reflection (20 points)**

Submit a brief reflection document (1-2 pages, double-spaced) addressing:

· What you learned from creating this portfolio (7 points)

· How you plan to implement these financial goals in your life (7 points)

· Areas where you feel you need additional financial education or resources (6 points)

**PowerPoint Presentation Guidelines**

Your PowerPoint presentation should effectively communicate all three main components of your Financial Literacy Portfolio (S-M-A-R-T goals, action plans, and risk analysis). Follow these guidelines to create a professional and comprehensive presentation:

**Structure and Organization**

· Include a title slide with your name and course information

· Create a table of contents or agenda slide

· Use clear section dividers for each component

· Follow a logical flow and organization

**Required Sections (Minimum Slide Requirements)**

Your PowerPoint must include the following sections with the specified minimum number of slides:

**S-M-A-R-T Goals Section (Minimum 3 slides)**

· At least one dedicated slide for each S-M-A-R-T goal (Saving, Spending, Sharing)

· Each goal slide must clearly display all five components (Specific, Measurable, Achievable, Relevant, Time-bound)

**Action Plans Section (Minimum 6 slides)**

· At least two slides for each goal's action steps with specific references to concepts from Modules 1-6

· Include visual flowchart or timeline showing implementation sequence

· Include financial calculations, where applicable (e.g., savings projections, budget allocations)

· Demonstrate integration of concepts from each module

**Risk Analysis Section (Minimum 3 slides)**

· At least one slide for each risk identified

· Include assessment of potential impacts

· Detail mitigation strategies

· Include a risk priority matrix or other visual risk assessment tool

**Conclusion Section (Minimum 1 slide)**

· Summary of key takeaways

· Next steps for implementation

**Presentation Design**

· Use a professional, consistent design theme

· Include effective visuals to enhance understanding (charts, graphs, tables, icons)

· Ensure appropriate font size and readability

· Limit text per slide (use bullet points rather than paragraphs)

· Create visual representations of financial concepts

· Use proper citation of sources when applicable

· Check for spelling and grammatical errors

· Include detailed notes in the notes section of each slide explaining your thinking

**## brumsyfinal.docx**

2

**Overview**

The Financial Literacy Portfolio is a capstone project that demonstrates your understanding and application of personal financial management concepts from Modules 1-6. Using the S-M-A-R-T goal framework introduced in Chapter 1, you will develop three personal finance goals and create a comprehensive action plan for achieving them. This project allows you to apply course concepts to your own financial situation (or a hypothetical one) while demonstrating your ability to create a cohesive financial plan.

**Worth: 165 Points**

**Due Date: July 14, 2025**

**Learning Objectives**

Through this assignment, you will:

· Apply the S-M-A-R-T goal framework to develop meaningful financial objectives

· Synthesize concepts from Modules 1-6 into a cohesive financial plan

· Demonstrate understanding of financial planning, money management, taxation, financial services, consumer credit, and purchasing strategies

· Analyze potential risks associated with financial decisions and develop risk mitigation strategies

· Create a professional presentation that effectively communicates your financial plan

**Assignment Components and Point Distribution**

This assignment consists of three main components, presented through a PowerPoint presentation and a brief written reflection:

1.
**S-M-A-R-T Financial Goals** (45 points)

2.
**Action Plans with Module Integration** (75 points)

3.
**Risk Analysis and Mitigation** (25 points)

4.
**Written Reflection** (20 points)

**Deliverables**

You will submit TWO items via Canvas:

1.
**PowerPoint Presentation** containing your S-M-A-R-T goals, action plans, and risk analysis

2.
**Written Reflection** document (1-2 pages, double-spaced)

**Assignment Details**

**Component 1: S-M-A-R-T Financial Goals (45 points)**

Develop three S-M-A-R-T goals in the following categories:

1.
**SAVING Goal** (15 points) – A goal focused on building savings or investments

2.
**SPENDING Goal** (15 points) – A goal related to a major purchase or spending plan

3.
**SHARING Goal** (15 points) – A goal focused on donating money, time, or skills to a charitable cause

Each goal must follow the S-M-A-R-T format:

·
**Specific**: Clearly define what you want to accomplish

·
**Measurable**: Include concrete criteria for measuring progress

·
**Achievable**: Realistic given your financial circumstances

·
**Relevant**: Aligned with your overall financial objectives

·
**Time-bound**: Set a specific timeframe for completion

**Component 2: Action Plans with Module Integration (75 points)**

For each of your three S-M-A-R-T goals, develop a detailed action plan with 3-5 specific steps. Your action plans must incorporate concepts from Modules 1-6:

**Module 1: Personal Financial Planning** (15 points)

· Incorporate personal financial statements (income statement and balance sheet)

· Apply time value of money concepts to goal planning

· Consider economic factors that might impact your goals

**Module 2: Money Management** (15 points)

· Include budgeting techniques relevant to your goals

· Apply appropriate financial ratios to assess feasibility

· Outline cash flow management strategies

**Module 3: Taxes in Financial Planning** (15 points)

· Address tax implications of your financial goals

· Incorporate relevant tax planning strategies

· Identify potential tax advantages or disadvantages

**Module 4: Financial Services** (10 points)

· Identify appropriate financial accounts or services to support your goals

· Compare financial institutions or products based on features and benefits

· Address security and protection of financial assets

**Module 5: Consumer Credit** (10 points)

· If applicable, outline responsible credit usage related to your goals

· Address impact on credit score or creditworthiness

· Analyze cost of credit and repayment strategies

**Module 6: Consumer Purchasing** (10 points)

· Apply wise buying strategies for major purchases

· Include product/service research methods

· Address consumer protections relevant to your goals

**Component 3: Risk Analysis and Mitigation (25 points)**

Identify and analyze at least three potential risks associated with your financial goals. For each risk:

· Describe the nature of the risk (7 points)

· Assess the potential impact on your financial goals (8 points)

· Outline specific strategies to mitigate or manage the risk (10 points)

**Component 4: Written Reflection (20 points)**

Submit a brief reflection document (1-2 pages, double-spaced) addressing:

· What you learned from creating this portfolio (7 points)

· How you plan to implement these financial goals in your life (7 points)

· Areas where you feel you need additional financial education or resources (6 points)

**PowerPoint Presentation Guidelines**

Your PowerPoint presentation should effectively communicate all three main components of your Financial Literacy Portfolio (S-M-A-R-T goals, action plans, and risk analysis). Follow these guidelines to create a professional and comprehensive presentation:

**Structure and Organization**

· Include a title slide with your name and course information

· Create a table of contents or agenda slide

· Use clear section dividers for each component

· Follow a logical flow and organization

**Required Sections (Minimum Slide Requirements)**

Your PowerPoint must include the following sections with the specified minimum number of slides:

**S-M-A-R-T Goals Section (Minimum 3 slides)**

· At least one dedicated slide for each S-M-A-R-T goal (Saving, Spending, Sharing)

· Each goal slide must clearly display all five components (Specific, Measurable, Achievable, Relevant, Time-bound)

**Action Plans Section (Minimum 6 slides)**

· At least two slides for each goal's action steps with specific references to concepts from Modules 1-6

· Include visual flowchart or timeline showing implementation sequence

· Include financial calculations, where applicable (e.g., savings projections, budget allocations)

· Demonstrate integration of concepts from each module

**Risk Analysis Section (Minimum 3 slides)**

· At least one slide for each risk identified

· Include assessment of potential impacts

· Detail mitigation strategies

· Include a risk priority matrix or other visual risk assessment tool

**Conclusion Section (Minimum 1 slide)**

· Summary of key takeaways

· Next steps for implementation

**Presentation Design**

· Use a professional, consistent design theme

· Include effective visuals to enhance understanding (charts, graphs, tables, icons)

· Ensure appropriate font size and readability

· Limit text per slide (use bullet points rather than paragraphs)

· Create visual representations of financial concepts

· Use proper citation of sources when applicable

· Check for spelling and grammatical errors

· Include detailed notes in the notes section of each slide explaining your thinking