Budget vs Actual (2 points)- In the first homework you filled in your budget for the first
month of the term. During the month you have been keeping track of all of your money
coming in and going out. 1.) Turn in your Dollar Diet showing how you track your
individual transactions (Excel, Mint, bank, paper, etc.). 2.) Use this tracking to then fill in
the actuals column in the budget vs actual spreadsheet you turned in as part of
Homework 1.
Index Fund Worksheet (
Download Index Fund Worksheet (
2 points)- Do some research and compare three different S&P 500 funds.
Retirement calculation (2 points)- Determine how much you are going to need at
retirement. Go to this site
Links to an external site.
and estimate your needs at retirement. Turn in the report showing your findings.
Reflection (2 points)- In a word document answer the questions below in a brief
reflection with a total minimum word count of 500.
● What is your retirement savings strategy? How do you think this will evolve as
you age?
● There is no financial reason to pay higher fees for the same fund. Having
said that, some individuals may due to loyalty to a financial advisor, a fund
family or overall convenience. Could you foresee yourself paying higher fees
for one of these reasons or others?