8252020httpsblackboardstrayereduwebappsrubricdocoursemanag ✓ Solved
8/25/2020 1/3 Assignment 3 Assignment 3: Personal Financial Analysis Levels of Achievement Criteria Exemplary100% A Proficient 85% B Fair 75% C Meets Minimum Expectations 65% D Unacceptable Below 60% F ECO110-A3-1 1. Create three monthly budgets using Excel for a financial analysis. 100.00 % Creates three monthly budgets using Excel for a financial analysis. Each monthly budget has accurate dollar figures and percentages. 85.00 % Creates three monthly budgets using Excel for a financial analysis.
One month may contain errors in dollar figures and/or percentages. 75.00 % Creates three monthly budgets using Excel for a financial analysis. Two months may contain errors in dollar figures and /or percentages. 65.00 % Creates three monthly budgets using Excel for a financial analysis. All months contain errors.
0.00 % Did not create three monthly budgets using Excel for a financial analysis. ECO110-A3-2 2. Show the findings of your personal financial analysis using appropriate graphs/charts in Excel. 100.00 % Shows the findings of a personal financial analysis using appropriate graphs/charts in Excel. All graphs/charts contain accurate financial information.
Includes graphs/charts related to overall monthly expenditures, as well as one dedicated to progress towards savings goal. 85.00 % Shows the findings of a personal financial analysis using appropriate graphs/charts in Excel. All graphs/charts contain accurate financial information. Includes graphs/charts related to overall monthly expenditures. 75.00 % Shows the findings of a personal financial analysis using graphs/charts in Excel.
Graphs/charts contain accurate information, but the specific graphs/charts used are not the most appropriate way to communicate the financial information. 65.00 % Shows the findings of a personal financial analysis using graphs/charts in Excel. Graphs/charts contain inaccurate information and are not appropriate ways to communicate the financial information. 0.00 % Did not show the findings of your personal financial analysis using appropriate graphs/charts in Excel. Name Description Rubric Detail Weight 20.00% Weight 30.00% 8/25/2020 tempECO11010xsmith 2/3 Levels of Achievement Criteria Exemplary100% A Proficient 85% B Fair 75% C Meets Minimum Expectations 65% D Unacceptable Below 60% F ECO110-A3-3 3.
Explain how the chosen graphs/charts help someone to better understand the presented financial data better than other potential graphs/charts. 100.00 % Explains how the chosen graphs/charts help someone to better understand the presented financial data better than other potential graphs/charts. Notes specific examples of other types of graphs/charts that were considered and describes why they are not as effective as the graphs/charts chosen. 85.00 % Explains how the chosen graphs/charts help someone to better understand the presented financial data better than other potential graphs/charts. 75.00 % Explains how the chosen graphs/charts help someone to better understand the presented financial data, but does not provide a reason for why the graphs/charts used are better than other choices.
65.00 % Explains what financial data the graphs/charts present, but does not include how the graphs/charts helps someone to better understand the information. 0.00 % Did not explain what financial data the graphs/charts present. ECO110-A3-4 4. Discuss the results of financial analysis including overall progress towards saving goals, potential changes in budget that can be made in the future, and possible economic/life impacts that may affect their budget in the coming year. 100.00 % Discusses results of financial analysis including ALL of the following components: overall progress towards saving goals, potential changes in budget that can be made in the future, and possible economic/life impacts that may affect future budget.
85.00 % Discusses results of financial analysis including two of the following components: overall progress towards saving goals, potential changes in budget that can be made in the future, and/or possible economic/life impacts that may affect future budget. 75.00 % Discusses results of financial analysis including one of the following components: overall progress towards saving goals, potential changes in budget that can be made in the future, or possible economic/life impacts that may affect future budget. 65.00 % Describes results of a financial analysis in general terms only. 0.00 % Did not describe results of a financial analysis. Weight 20.00% Weight 20.00% 8/25/2020 tempECO11010xsmith 3/3 Levels of Achievement Criteria Exemplary100% A Proficient 85% B Fair 75% C Meets Minimum Expectations 65% D Unacceptable Below 60% F ECO110-A3-5 5.
Reflect on what your financial analysis might reasonably look like in a year taking into account income growth and inflation of consumer prices. 100.00 % Reflects on what a financial analysis might reasonably look like in a year taking into account income growth and inflation of consumer prices. Identifies specific economic trends and/or how unexpected expenses could be accounted for when projecting. 85.00 % Reflects on what a financial analysis might reasonably look like in a year taking into account income growth and inflation of consumer prices. 75.00 % Describes what a financial analysis might reasonably look like in a year.
It is unclear if or how income growth and inflation of consumer prices were taken into account. 65.00 % Describes a future financial analysis but its relation to the current financial analysis is unclear. It is unclear if or how income growth and inflation of consumer prices were taken into account. 0.00 % Did not describe a future financial analysis. Weight 10.00%
Paper for above instructions
Assignment 3: Personal Financial AnalysisIntroduction
Managing personal finances is crucial for achieving financial stability and fulfilling long-term goals. To this end, creating and analyzing budgets is an essential skill for evaluating one's cash flow, expenses, and savings potential. This assignment provides a detailed analysis of my personal finances by creating three distinct monthly budgets. Additionally, it offers an examination of financial findings through various graphs and charts, evaluates them critically to highlight their effectiveness, discusses the implications of my financial situation, and reflects on expectations for the coming year.
Monthly Budgets Overview
The following sections will detail three distinct monthly budgets: a Baseline Budget, a Projected Budget, and a Savings-Oriented Budget. These budgets will include income, regular expenses, savings goals, and discretionary spending.
1. Baseline Budget
- Income
- Monthly Salary: ,000
- Other Sources: 0
- Total Income: ,200
- Expenses
- Fixed Expenses
- Rent: ,200
- Utilities: 0
- Insurance: 0
- Transportation: 0
- Variable Expenses
- Groceries: 0
- Dining Out: 0
- Entertainment: 0
- Miscellaneous: 0
- Total Expenses: