Wrapping up Financial project

Wk 8: It is the end of week 8 and I am finishing the financial project with a new knowledge base on finances and some terminology! I have learned so much these past two weeks about budgeting for a huge asset. This project was very interesting and I am so glad I decided to do the topic I choose because I believe this will really prepare me for what is yet to come. My income and expenses are destine to change soon with my new career and will continue to change in the next coming years. This project has helped be see the adjustments I will need to make and I know it will be quite a journey.

For working on the project, I didn’t have many difficulties. I did however end up making more spreadsheets than I first intended. However, I feel that the extra spreadsheets were a bonus to my project because it helped describe how my income and expenses will change and how much I want to save for My Dream.

Both the Microsoft Excel spreadsheets and online mortgage calculator were helpful in my project. I enjoyed using these tools and can see myself using other online financial calculators in the future when my incomes and spendings really do start to change.

 

Wk 7: Financial Analysis progress

I finished the first few steps including writing about what my dream is, why it is important to me, and gave a link to a website that shows various approaches. I was having a hard time finding about other peoples approaches when first buying a house unless it was an article on how people got out of debt to buy their own home. I cannot relate to that situation so those type of success stories I found online do not apply to me.

I also finished analyzing my finances using Microsoft Excel. I made screenshots of both my files by using the tutorials provided. I went to upload the images on my finance page, and althought the images do not appear small, when uploaded, they are too small too read. I don’t mind having my finance infor public, however I am going to email Ms. Van Londen my two images to meet the deadline this week. I am also going to ask for any ideas on how to make the images large enough to read. I can’t seem to figure this out.

I need to still take the two images which have my financial analysis, and summarize my report (which is also next weeks assignment). I have explaining to do regarding my financial analysis images which I think will make the project easier to follow. Although I am having image difficultly, I am really enjoying this project thus far because it has given me a great idea of what my income, savings, and planning I will need to do in order to fulfill my dream.

Looking foward to the financial analysis project

Wk 6: Ideas? Let’s see. I have many goals, both short term and long term, in which many have something to do with money. Because like many tangible things in life such as a car or a home, there is no getting around spending money. I have thought of this recently, and one big dream I have is to buy my own home sometime in the near future. As a home, I am open to either a condo or a house. My goal is to save enough money so that I could put a down payment on a place that I could someday own entirely to my self.

To create a list of ideas for this project, my number one idea would be to figure out using a financial analysis program, the budget and earnings I would need to implement in order to obtain my goal of affording my own home. Other dreams of mine that I could include in a list are as followed:

• buying my own car
• taking a two week vacation to Europe
• continue on with my education to earn a Master’s or Doctorate

Financial Analysis ideas

I have been using online banking for years now, so I am used to finding my ways around managing my accounts and paying bills online. However, it has been a few years since I have used a spreadsheet but I remember it to be a pretty neat tool. I think this project will be interesting because it will give me a better idea of how I can manage my money.

Regarding analyzing the cost of financing one of my biggest dreams, I was thinking about analyzing how I dream of living in the near future… owning a home, saving money for retirement. A big dream of mine is to have the retirement money to be able to travel. And you can never start saving too soon in life!