Bm151: Financial Services Project 1 Money Management Skills

BM151: Financial Services - Project 1

Money Management Skills
Description:
Financial confidence requires good money management skills and upgrading your financial literacy. Developing a money management strategy will give you a better perspective of where and how you are spending your money, can help you keep within your budget, and even increase your savings. In order to achieve your personal financial goals, you have to analyze your money management strategy, find out what the weaknesses and threats are, and undertake steps to minimize them.

Read the following articles and then answer the questions below:

• 
  Manage Your Personal Finances with These Timeless Strategies https://hbr.org/2019/08/manage-your-personal-finances-with-these-timeless-strategies
  
• 
  How to Manage Your Money: 19 Tips To Do It Right https://www.clevergirlfinance.com/blog/how-to-manage-your-money/
  

1. 
   How would you describe your money management strategy?
   
2. 
   Create a SWOT analysis matrix for your money management strategy.
   
3. 
   Identify actions you can take to build on your money management strengths, minimize your weaknesses, take advantage of opportunities, and avoid being a victim of threats.
   

Submit your original responses in at least 3 paragraphs to Project 1 in Moodle.


FOR INSTRUCTOR USE ONLY
Grading Rubric
Grading accepts a start value of 100. Points will be deducted for failure to fully complete or meet the stated requirements. Grading: 90-100 = Represents work of superior quality (A); 80-89 = Represents work of good to very good quality (B); 70-79 = Represents adequate command of class content (C); 69 and below = Represents work that shows a need for development or improvement (F); 0 = Represents plagiarized work (F).


BM151: Financial Services (BFN)