Assessment 2 Instructions: Developing a Personal Financial Plan PRINT Develop a personal financial plan in a scenario where you are moving to another city and must decide what to do with your current house, as well as your housing options in the new city. Complete a budget based on your decisions and projected new income, providing a rationale for your choices. Introduction Note: Assessment 3 builds on Assessment 2; you are strongly advised to complete Assessment 2 before beginning Assessment 3. Planning for Peace of Mind When #WithMyNextPaycheckIWill first began trending on Twitter, instead of the usual witty responses, most retweets lamented about the daily financial struggle of living paycheck to paycheck in the United States. The vicious cycle of working just to pay bills while never getting ahead is an effect of our economy and the rising cost of living. Yet there are financial planning measures you can use to help you take control of your finances and your future. By learning how to build a financial plan, you will equip with yourself with a tool to help build your financial well-being. Understanding how to create a financial plan based on economic trends and your personal goals will make you more productive toward reaching those goals and help free you from the trap of endless financial stress. It’s impossible to plan for all of life’s challenges and surprises though, so you’ll need to use your agility skill to weather the uncertainties and adapt your plan so you can feel confident that youre prepared for the futur
