• Create a financial plan. (TWICE)
• You have done this already for Challenge Part 6.
• Now you’ll need to do it for yourself, make some changes and do it again.
• Create a savings plan table. (TWICE)
• You have done this in Challenge Part 7.
• Now you’ll make a plan to save for something for your future.
• Create an amortization table. (TWICE)
• You have done this in Challenge 8.
• Now you’ll make a plan to pay off a large debt that you’ll assume to have.
• Provide at least one graph to illustrate a point.
• You should have done this.
• See the video in week one on how to insert graphs or refer to the book page, 254
• NOTE THAT YOU DO NOT HAVE TO INCLUDE EVERY SINGLE LINE IN THE SPREAD SHEET, FOR EXAMPLE 5 YEARS IS 60 MONTHS WHICH COULD BE 60 LINES IN A SPREAD SHEET. YOU CAN PUT 2 LINES PER MONTH IF YOU LIKE. REGARDLESS, PUT ALL TABLES IN AN APPENDEX AT THE END OF YOUR 3-PAGE WRITTEN PAPER. IN THE BODY OF THE PAPER YOU SHOULD ONLY INCLUDE GRAPHS and WORDS, THE PAPER SHOULD FLOW LIKE A REGULAR ESSAY. Intro, body and conclusion, Your paper should be about 1000 WORDS. 

Assuming you have completed all of the Module Challenge’s for this module, the requirements above shouldn’t be hard to implement in your paper. Here’s the scenario: Suppose you have graduated from college and have acquired some sort of debt; may it be from student loans, buying a house, buying a car, or using a credit card, or all. Moreover, assume that you would like to save up for something grand at the same time you are trying to pay off you debt; may it be you child’s college education, your dream home down payment, or a dream vacation, or all. Remember the base assumption is you have graduated college. Your task is to essentially reconcile a financial plan for your future self under the two fundamental assumptions mentioned above; That is assuming you have a large debt and your saving for a future goal. 

You must include all elements of you original budget plan; you may replace Mortgage with Rent if need be, you may replace Credit Card with some other debt if need be… But you must have a financial plan that is reasonable and relatively consistent with the financial plan you already did in challenge 6.

Furthermore, there should exist at least two scenario’s where you make changes to your Personal Financial Plan such that you can measure the changes effectively using another savings plan table and another Amortization table. You may also use the Savings plan Formula and the Loan Repayment formula to expedite your points as well… Nonetheless, you must have two tables for a savings plan, two Amortization tables, and two Financial Plans, IN THE APPENDIX OF THE PAPER.  

Finally, you need to provide at least one graph, using excel, that expedites a point; the easiest point to make would be the difference between the two Financial Plans (This is actually inserted in the paper). This essay should reflect your real life, so when you graduate should be planned and getting a job should be considered and that job should be consistent with your major and life goals. You will have to research career salaries, interest rates, IRA’s, LOAN DEBT for college; all elements must be realistic (Even if you are making them up).