Now let’s see if you have a handle on this. Remember, you are thinking about possible consequences for both good and bad financial decisions. After all, you will be faced with these types of decisions all of your life.
How does this apply to you?
So, what you need to do is think of one financial situation or scenario. The scenario must include both good and bad outcomes, and the thought process of planning your income and a budget. (Of course, it would be a great review if you include prioritizing and determining want or need.)
It can be about one of the following:
1. Credit Cards
3. College Fund Planning
4. Planning to purchase a home
5. Any item that you want or need that would require you to borrow money and plan a budget.
IT MUST INCLUDE BOTH GOOD AND BAD POTENTIAL CONSEQUENCES.
Write one scenario about one of the five topics listed above. Include how you decided to get the money you need. Show how much you will need to pay off the debt, and how much interest you could pay. Include why it is a need or want. Include what could happen that would result in both good and bad consequences.
– Correct spelling, punctuation, and grammar.
– Included each key skill; decision making, prioritizing, budgeting, interest percentage consideration, and possible consequences-good and bad.
for a real-life example.
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