Assignment: Personal & Family Finance
1) What are some of the advantages and disadvantages to a market economy?
2) How do global factors influence the economy in your country?
3) What are some of the ways in which the government is involved in the economy? What are the advantages and disadvantages of governmental involvement?
4) Why are healthy individual finances important to the economy in North America?
5) Choose one current event. Describe the event and discuss the economic implications of this event. What economic effects might this have at the individual and societal levels
6) What are the costs of "freebie" items?
7) How does the stock market influence the finances of individuals, even if they don't personally invest?
8) Think about the larger economic situation in your country right now. How do the overall economy and its various aspects impact your life and finances?
9) How can the fiscal policies of a country influence individual finances?
10) Identify a financial goal that you or someone else might have. What are the risks or costs associated with this goal?
11) What are the advantages and disadvantages to shared decision-making?
12) Why is it important to try to make financial decisions without emotions?
13) What are some of the resources that families and individuals can use to reach their financial goals? Why is it important to take stock of these resources when planning financial goals?
14) Identify a financial goal that you or someone else might have. What are the risks or costs associated with this goal?
15) What are the advantages and disadvantages to shared decision-making?
16) Why is it important to try to make financial decisions without emotions?
17) What are some of the resources that families and individuals can use to reach their financial goals? Why is it important to take stock of these resources when planning financial goals?
18) What are some considerations in choosing a financial institution? Which one do you think would be the most important consideration for you in choosing a financial institution?
19) What are the pros and cons of U.S. savings bonds?
20) What are some of the problems that individuals might face if they use one of the "problematic" financial institutions?
21) What are some of the consumer protections available? What can individuals do to protect themselves?
22) What are some of the advantages and disadvantages of choosing a federally-insured account?
23) What are some strategies that you can use to prepare to file taxes each year? What would be the benefits of these strategies?
24) What are the benefits of taxes for societies and individuals?
25) How do taxes influence responsible financial planning? Discuss some examples of how taxes may influence a financial plan.
26) What are four types of taxes that you pay (or are likely to pay in the future)? Describe these types of taxes.
27) Find a tax return form and practice filling it out, using either your own information or that of a hypothetical person. What are some of the challenges in filling out a tax return? You can find some forms online here.
Format your assignment according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.