Business and Personal Finance

Semester Portfolio

Part 2 / Module 2

This booklet provides instructions for completing the required exercises

for the Business and Personal Finance Semester Portfolio.

After the completion of each module, you will complete and submit the

required exercises found in this booklet; exercises intended to improve

your budgeting, organization, researching, and note-taking skills!

Each module will have its own booklet with module-specific infor-

mation and instructions. Be sure to read each book-

let in its entirety to maximize your points earned.

READ ME FIRST

Before You Begin the Semester Portfolio Be sure to review your Part 1 / Module 1 Semester Portfolio submission grading feedback provided to you by

your teacher . The feedback offers valuable insight into the expectations and requirements of each exercise.

Portfolio Exercise #1: Budgeting In Module 2, you learned about income and expenses. You learned the difference between gross income and

net income and you learned about the different types of expenses that exist. You will now update the budget

you created in Part 1 / Module 1.

Module 2 Budgeting Exercise

In Module 1, you selected a career and you researched information about the career’s income and educa-

tional requirements. Additionally, you researched methods for funding your education. Now, you will build

on this information to further improve the functionality of your budget.

To complete the Module 2 Budgeting Exercise, follow the instructions below:

1. Consider the area of the country/world where you hope to work and live - be sure to verify that your ca-

reer choice has employment opportunities in the area selected.

2. Conduct research to find out about the cost of living in the area selected; to include: housing costs/rent,

utilities, food costs, and transportation options for getting around (bus, train, bike, car, etc.).

3. Based on your research, update your saved budget worksheet from Module 1 - completing the following

elements listed in the budget:

Personal Monthly Budget tab:

Gross Monthly Income - cell C8; Deduction Percentage - cell C9; and Net Monthly Income - cell C10

- Use the tips presented in the budget to determine these values.

Projected Housing & Food Costs - cells C13-C19 & C37-38

- As you research cost of living expenses be sure to look at what is covered in your rental agreement.

Some rental properties include water/sewage, waste removal, and more. If the rental property you

choose includes such perks, be sure to list that in the budget notes-explanation tab.

Budget Notes-Explanations tab:

Housing: Include information that explains the values listed in the monthly budget. Explanatory infor-

mation about your housing should include: location, monthly costs, utilities included, additional rental

perks, and any other info you wish to add. Include the URL for where you found your information.

Transportation: Include information that you found regarding your transportation options. List your op-

tions and specify the option you are most likely to use. If you will need to purchase a car, we will cover

that in a future module.

4. Save your changes - renaming your Excel file as: budget_M2_FLast.xls

- Replace FLast with your first initial of your first name and your full last name (ex: JDoe).

Portfolio Exercise #2: Storing/Organizing In Module 2, you were introduced to a variety of new and important documents that need to be stored and

organized; to include: paystubs, W-2s, completed/filed tax returns, bills, and more. Remember the length of

time you keep documents varies; so be sure you have a systematic approach to storing and organizing your

files and documents to ensure you aren’t buried in paper!

You will now build upon the storage/organization structure that you created in

Part 1 / Module 1.

Module 2 Storing/Organizing Exercise

Module 2 introduced you to a variety of concepts; to include: income, taxes, pay-

roll deductions/withholdings, expenses, financial emergencies, and the variety of

documents associated with these concepts. Use your knowledge of storage and

organization to complete the Module 2 Storing/Organizing Exercise.

To complete the Module 2 Storing/Organizing Exercise, follow the instructions

below:

1. Consider the following financial records (note some records listed may not necessarily be financial rec-

ords, but they are still important records that you should store for the future):

2. Open the Storing/Organizing PowerPoint document you created in Module 1. Add each financial record

listed below to your storage/organization structure and answer the guiding questions listed. Be sure to

highlight the new documents added to your storage/organization structure as well as your responses to

the guiding questions, so that your teacher knows which information has been added for Module 2.

- See the following Organization Structure exemplar for guidance: Organization Structure - Visual

Financial Records

Guiding Questions

Does your current storage/organization structure account for the particular financial record?

If not, what changes need to be made to the storage/organization structure in order for the document

to be stored purposefully?

3. Save your changes - renaming your file as: storage_structure_M2_FLast.ppt

- Replace FLast with your first initial of your first name and your full last name (ex: JDoe).

Paystub - digital document

W-2 - physical document

Copy of Filed Federal Income Tax Return - digital

document

Rental/Leas Agreement - physical document

Cable Agreement - digital document

Electric Bill - digital document

Cell Phone Bill - physical document

Portfolio Exercise #3: Annotated Bibliography In Module 2, you were introduced to many important websites that

contained valuable information about your income; in particular in-

formation about your paycheck and the typical deductions you

would see listed on your paycheck. Additionally, the reading present-

ed you with websites designed to teach you about spending (i.e.

spending wisely) and preparing for the unexpected.

You will now add to the annotated bibliography you created in Part

1 / Module 1. You will use the sources presented in Module 2 to up-

date your annotated bibliography.

Module 2 Annotated Bibliography

Module 2 presented a variety of resources designed to supplement the topics presented. You will select two

of these resources and create source records for each.

To complete the Module 2 Annotated Bibliography Exercise, follow the instructions below:

1. Briefly review the resources provided in Module 2 (links listed below):

2. Select two resources that you feel contain highly valuable information.

3. Open the Annotated Bibliography Word document you created for in Module 1. Add the header Module

2 at the top of the document and then add a source record for each resource you selected in step #2. Be

sure your Module 2 source records are listed at the top of the document below the Module 2 header.

Each source record must include:

- The title of the article or website

- The full URL of the article or website

- A one paragraph synopsis that highlights the information presented in the article or website.

- An evaluation of the source’s perceived usefulness.

4. Save your changes - renaming the Word file as: annotated_bibliography_M2_FLast.doc

- Replace FLast with your first initial of your first name and your full last name (ex: JDoe).

The Mint - Section A MyMoney.gov - Section B

ADP.com - Paycheck Calculator - Section A Suze Orman - Section B

IRS.gov - IRS Withholding Calculator - Section A PBS Kids: Managing Money - Section B

Fox Business - Section B FDIC.gov - 5 Ways to Cut Spending... - Section B

Kiplinger - Section B FDIC.gov - Section B

MSN Money - Section B CNN Money - Handling a Financial Emergency - Section B

Personal Monthly Budget tab:

Projected Gross Income - cell C7

- Your monthly income without taxes or deductions

Projected Student Loans - cell F22

- Seriously consider how you will pay for career readiness education and/or training; will you be

awarded scholarships and grants? Will those take care of all your educational and/or training

expenses? Will you need to take out student loans? If so, how much?

Budget Notes-Explanations tab:

Career Information

- Include information that explains the values listed in the monthly budget; to include: job title,

education and/or training requirements, and salary. Include the URL for where you found the

information.

Portfolio Exercise #4: Note Taking In Module 2, you were presented with supplemental information by way of simulations, videos, tutorials and

more. These supplemental materials are meant to provide you with additional information about topics pre-

sented in the module; they act as an extension of the instruction taking place in the course.

To maximize your comprehension of Business and Personal Finance, it is important that you review the sup-

plemental materials presented in each module. To truly grasp the information presented, it is beneficial to

take notes.

You will now access the supplemental materials of the module and take notes about the information present-

ed. You may use any style of note taking you choose (outline, Cornell, mapping, etc.), but remember the in-

formation is only as valuable as you make it. Extend your understanding of the information by asking ques-

tions, making connections to other topics, comparing the information presented to your own schema (your

personal thought process), etc.

Module 2 Note Taking Exercise

Module 2 presented a variety of supplemental materials designed to extend your understanding of the topics

presented. You will access these supplemental materials and take notes as instructed.

To complete the Module 2 Note Taking Exercise, follow the instructions below:

1. Review the supplemental materials provided in Module 2 (links listed below):

Filing Your Federal Income Taxes Simulation - Section A Financial Situations Tutorial - Section B

PBS.org - Merchants of Cool Video - Section B When the Debt Collector Comes Calling... - Section B

2. Open the Note Taking Word document you created for Module 1. Add the header Module 2 to the top of

the document and then add a full page of notes for any of the supplemental resources listed above.

Your notes must adhere to the following guidelines:

3. Save your changes - renaming the Word file as: note_taking_M2_FLast.doc

- Replace FLast with your first initial of your first name and your full last

name (ex: JDoe).

Header included that lists the name of each supplemental material refer-

enced in the notes.

Text font must be a normal, readable font (e.g. Times New Roman, Arial,

Calibri, Verdana, etc.).

Text size must be 14pt or smaller.

Margins should be set to no larger than one inch on all sides.

Formatting tools (bold, highlight, underline, italics, etc.) should be used to

provide emphasis for important information.

Submitting Your Semester Portfolio Congratulations! You have completed all of the exercises required for the Business and Personal Finance Se-

mester Portfolio - Part 2.

To submit your Business and Personal Finance Semester Portfolio Exercise elements, follow the instructions

below:

1. Access the M2SP—Semester Portfolio: Part 2 assignment submission area (located in the Module 2 fold-

er).

2. Review the rubric listed in the assignment submission area to ensure you have met the requirements of

each element criteria.

3. Attach the following files to the assignment submission area; ensure that your documents have been

properly formatted so as to highlight the Module 2 information added:

budget_M2_FLast.xls

storage_structure_M2_FLast.ppt

annotated_bibliography_M2_FLast.doc

note_taking_M2_FLast.doc

4. Add any clarifying text to the submission text window.

5. Click Submit.

Image Credits Page 1

kentoh, Business Finance, 183088841, Thinkstock

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Page 2 & 3

Violka08, Budget concept, 495853751, iStock/Thinkstock

GuidoVrola, File cabinet, 475664997, Thinstock

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Olegk1986, Books and apple on laptop screen, 476181096,

Thinkstock

Chunumunu, Young Guy Working on Laptop, 177581930,

Thinkstock

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pepj, completed stamp, 187179219, Thinstock