Financial Management

Financial Management is a full year course that helps students to develop skills in managing their personal finances today and in the future. Areas of study include basic economics, financial planning, career exploration, budgeting, savings and investing, credit, and insurance. An extensive final project allows students to experience aspects of financial management on an individual level.

Learning Objective

In financial management the goal that we have been focusing on, as of lately, is a efficient manor of paying debt off if we happen to get into debt in the first place.

Assignment

The method we were introduced to is called the debt snowball. And its fairly simple, you basically just pay the minimum payment on all of your debt pavements except the smallest among them. This process is carried out until the smallest payment is played off then you take the money that your were paying that smallest payment with and start paying the new lowest payment.