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October 26, 2024

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ECO-FP1100

While writing responses to the prompts below, you may need to refer back to the budgets and graphs you created in the Assessment 3 Excel Template. Make sure you have completed your budget before completing this portion of the assessment.

Questions

1. Explain why you chose the particular graphs or charts that you did. How do the graphs or charts you created help someone understand the financial information from your personal financial analysis? Why are they better than other graphs you considered creating?

[Write your response to question 1 here.]

2. Explain the results of your financial analysis, including overall progress toward savings goals, potential changes in your budget that can be made in the future, and possible economic or life impacts that may affect your budget in the coming year.

[Write your response to question 2 here.]

3. Project how your financial analysis will look in one year. Take into account economic concepts and trends.

a. What economic concepts might be relevant (income growth, inflation, consumer prices, et cetera)?

b. What economic trends might you want try to account for when making your projection?

c. How could you try to plan for unexpected expenses when making your projection?

[Write your response to question 3 here.]

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