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