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Unit 1: Financial Planning Your Roadmap

Unit 1: Financial Planning Your Roadmap. Steps 4 and 5 Implement the plan Monitor and modify the plan. Implement the Plan. Accountability Partner It is harder to carry out goals than to set them Ask someone to help you be accountable for your goals

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Unit 1: Financial Planning Your Roadmap

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  1. Unit 1: Financial PlanningYour Roadmap Steps 4 and 5 Implement the plan Monitor and modify the plan

  2. Implement the Plan Accountability Partner It is harder to carry out goals than to set them Ask someone to help you be accountable for your goals My accountability partner is ______________. I will check in and we will talk once a ________.

  3. The Three R’s of Money Reality Money Handling Skill #1 Unless you hit the lottery, you will always have limited amounts of time and money to use. Responsibility Money Handling Skill # 2 Handle money wisely and you can do a lot of good for yourself and others. If you don’t it’s your own fault if you blow the dough.

  4. The Three R’s of Money Restraint Money Handling Skill #3 Use self-control to deny self-gratification, or getting what you want now, to save for future goals. Ask your accountability partner to spot check your progress Show them your goals and check with them on the schedule you established You don’t have to “do life” alone!

  5. Monitor and Modify the Plan Keep an eye on your plan and keep it flexible Unexpected bills are a part of life—a new tire, a doctor bill, your sink flooding That’s life! • When you complete a goal, cross it off your list • Over time, your goals change—that’s OK! • Work with a partner in class to discuss and answer these questions: • Are your existing goals still worth doing” • Is there a new goal to add to your list? • Is there an existing goal you want to drop or change?

  6. Your Roadmap Money is just a means to an end. Make it work for you. Your Personal Financial Roadmap

  7. Portfolio Place the items you created in Unit 1 of your Portfolio. Your Portfolio is now complete for Unit 1, but be prepared to revisit it. Keep in touch with your accountability partner.

  8. Bibliography Text and Assignments NEFE High School Financial Planning Program, Student Guide. National Endowment for Financial Education. Greenwood Village, CO. 2001. Images Page 3: “Can Hillsboro Afford the Money Drain of Deer Run Mine?” Citizens Against Longwall Mining.2014. Page 4: Nixon, Natalie. “Just Say No.” Your Career@Femside: Femside. 2013 Page 5: Gurr, Tony. “Is Failure Really Not an Option?”allthingslearning. 2012. Page 5: Efron, Louis. “The Third Metric—Redefining Success Beyond Money and Power.” Huffington Post. 2013. All images not catalogued are from Microsoft ClipArt Gallery Online.

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