Unit: Personal Financial Management This activity will help you meet these educational goals:
Content KnowledgeYou wil learn how to prepare a budget for different phases of
life based on your financial goals.
InguiryYou will conduct online research, in which you will collect information and
communicate your results in written form.
21 Century Skills-You will use critical thinking and problem-solving skills and
communicate effectively
Inroduction
In this unit activity, you will go through the process of developing your financial goals.
Based on this, you will develop budgets for different phases of life.
Directions and Analysis
Task 1: Budget and Net Worth
Keep track of your income and expenses for one month. List all your assets and liabilities
(debts owed) in a spreadsheet. Based on these documents, develop a monthly budget and a
net worth statement