Lesson 8 money management and budgeting
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This document discusses money management and budgeting. It encourages students to think about the challenges they face with budgeting and solutions they have developed. It also prompts students to complete a monthly budget spreadsheet to reduce any gaps between their ideal and actual budgets. Finally, it discusses how keeping a monthly budget connects to achieving short and long-term goals and how budgets may need to change as goals evolve.
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Budgeting
Budgeting involves creating a financial plan for your income and expenses. It is important to budget because it provides a structured way to allocate money among different financial priorities. There are several steps to creating a budget, including assessing your financial situation, setting goals, tracking expenses, and reviewing your budget regularly to ensure your money is being managed effectively. Budgets can be made by hand or with online money management tools.
Lesson 35 money management and budgeting
This document discusses developing a monthly budget and connecting it to personal goals. It recommends completing a monthly budget spreadsheet to compare an ideal budget to the actual budget, and finding ways to reduce any gaps, such as by implementing ideas to spend less. It also prompts reflecting on how keeping a monthly budget relates to achieving short and long-term goals from a 5-Year Action Plan, and how the budget may need to change as goals evolve over time.
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Finances.exe.v2
The document provides steps and guidelines for creating an effective personal budget:
1. List your income and track expenses for at least a month to understand spending habits. Record income sources and pay close attention to expenses.
2. Set short, medium, and long term savings goals based on needs, wants, and income. Reevaluate spending to fulfill goals and adjust the budget as finances change.
3. Develop a savings plan by starting an emergency fund for unexpected expenses. Save regularly by "paying yourself first" and allocating a percentage of income to goals. Employed individuals should aim to save 10-15% of net income.
Presentation Showcase 2
This document outlines strategies and steps for breaking the paycheck to paycheck cycle through effective money management and budgeting. It discusses identifying monthly expenses, creating a budget to manage spending and eliminate debt, and learning how to make smart spending decisions. The document notes that some people get stuck in the paycheck cycle due to bad spending habits and lack of money management skills. It provides tips for knowing expenses before payday, planning for short and long-term needs, creating an emergency fund, and investing for retirement. Steps are outlined for tracking income and expenses, evaluating one's financial situation, and regularly reviewing a budget.
How to plan your budget for the month?
Planning a monthly budget involves categorizing expenses into essential and extra lists, estimating monthly spending, noting quantities purchased in the previous month to determine needs for the current month, and subtracting essential expenses and then extra expenses from income to determine savings. Doing this allows one to avoid overspending, plan according to needs, and save money.
lect No 01. Finance & Budgeting
This document provides information on creating a personal budget, including defining what a budget is, the reasons for budgeting, and how to get started. It recommends tracking all income and expenses for one month to understand spending habits. A budget balances income against essential and non-essential expenses. Financial goals both short-term and long-term can be set based on a budget to help save for things like vacations, education, or a new home. Staying on budget requires cutting unnecessary spending and paying oneself first through automatic transfers and payroll deductions.
Jon terracciano Budgeting Tips
Budgeting can help manage money, save for large expenses, and prepare for unexpected costs. The tips include being realistic about income and expenses to create an achievable budget. Reevaluate the budget monthly to adjust for differences between planned and actual amounts. Create an expense category for savings and set a realistic monthly savings goal. Establish the budget with a goal in mind and periodically check it remains on track.
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Budgeting
Budgeting involves creating a financial plan for your income and expenses. It is important to budget because it provides a structured way to allocate money among different financial priorities. There are several steps to creating a budget, including assessing your financial situation, setting goals, tracking expenses, and reviewing your budget regularly to ensure your money is being managed effectively. Budgets can be made by hand or with online money management tools.
Lesson 35 money management and budgeting
This document discusses developing a monthly budget and connecting it to personal goals. It recommends completing a monthly budget spreadsheet to compare an ideal budget to the actual budget, and finding ways to reduce any gaps, such as by implementing ideas to spend less. It also prompts reflecting on how keeping a monthly budget relates to achieving short and long-term goals from a 5-Year Action Plan, and how the budget may need to change as goals evolve over time.
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As the movie Badlapur tells its audience — “Do not miss the beginning”, we also advise that you go through our thoughts/insights shared in the previous article covering the first step of financial planning
Finances.exe.v2
The document provides steps and guidelines for creating an effective personal budget:
1. List your income and track expenses for at least a month to understand spending habits. Record income sources and pay close attention to expenses.
2. Set short, medium, and long term savings goals based on needs, wants, and income. Reevaluate spending to fulfill goals and adjust the budget as finances change.
3. Develop a savings plan by starting an emergency fund for unexpected expenses. Save regularly by "paying yourself first" and allocating a percentage of income to goals. Employed individuals should aim to save 10-15% of net income.
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This document outlines strategies and steps for breaking the paycheck to paycheck cycle through effective money management and budgeting. It discusses identifying monthly expenses, creating a budget to manage spending and eliminate debt, and learning how to make smart spending decisions. The document notes that some people get stuck in the paycheck cycle due to bad spending habits and lack of money management skills. It provides tips for knowing expenses before payday, planning for short and long-term needs, creating an emergency fund, and investing for retirement. Steps are outlined for tracking income and expenses, evaluating one's financial situation, and regularly reviewing a budget.
How to plan your budget for the month?
Planning a monthly budget involves categorizing expenses into essential and extra lists, estimating monthly spending, noting quantities purchased in the previous month to determine needs for the current month, and subtracting essential expenses and then extra expenses from income to determine savings. Doing this allows one to avoid overspending, plan according to needs, and save money.
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This document provides information on creating a personal budget, including defining what a budget is, the reasons for budgeting, and how to get started. It recommends tracking all income and expenses for one month to understand spending habits. A budget balances income against essential and non-essential expenses. Financial goals both short-term and long-term can be set based on a budget to help save for things like vacations, education, or a new home. Staying on budget requires cutting unnecessary spending and paying oneself first through automatic transfers and payroll deductions.
Jon terracciano Budgeting Tips
Budgeting can help manage money, save for large expenses, and prepare for unexpected costs. The tips include being realistic about income and expenses to create an achievable budget. Reevaluate the budget monthly to adjust for differences between planned and actual amounts. Create an expense category for savings and set a realistic monthly savings goal. Establish the budget with a goal in mind and periodically check it remains on track.
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Review, synthesize, and reflect on data you have collected about yourself. Weekly discussion in lab will help you to construct this SRL profile. The SRL profile creates an opportunity to draw on data from your weekly self assessments and weekly My Planners to review and summarize your strengths and weaknesses in terms of engagement, SRL, motivation, anxiety, emotion regulation, procrastination, time management, task understanding, goal setting, etc. Summarize and present a profile of YOU. The assignment will conclude with an SRL change plan in which you will choose to tackle/change one problem over the remaining part of the semester in terms of: (a) behavior/s, (b) thinking, (c) motivation, or (d) emotions/affect.
Prepare your answer in word or some other format. Cut and paste it into the text window for this assignment.
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(1) STRENGTHS: Looking across the topics and self-assessments covered to date, what are my main strengths? How can I leverage those strengths in taking control of my university success?
(2) WEAKNESSES: Looking across the topics and self-assessments covered to date, what are my main weaknesses? Why might addressing those weaknesses be important for taking control of my university success?
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(4) TARGET FOR CHANGE: Based on what you have summarized above, identify and justify one main thing you want to tackle in the remaining part of the semester. This should be something you want to take control of. It should be something you see as critical for your success in one (or more) of your other courses. Be explicit about whether the thing you want to change is about changing a: (a) behavior, (b) cognitive process or outcome, (c) motivation, or (d) feeling (emotion/affect).
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Digital 2022: Ethiopia
This page contains all the data, insights, and trends you need to help you understand how people in Ethiopia use connected devices and services in 2022.
You’ll find our complete Digital 2022 report on Ethiopia in the “full report” section below, but let’s start by taking a look at the essential headlines for digital adoption and use in Ethiopia this year.
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Ethiopia’s population in 2022
Ethiopia’s total population was 119.3 million in January 2022.
Data show that Ethiopia’s population increased by 2.9 million (+2.5 percent) between 2021 and 2022.
50.0 percent of Ethiopia’s population is female, while 50.0 percent of the population is male.
At the start of 2022, 22.7 percent of Ethiopia’s population lived in urban centres, while 77.3 percent lived in rural areas.
Note: gender data are currently only available for “female” and “male”.
Ethiopia’s population by age
The median age of the population in Ethiopia is 19.9.
For additional context, here’s a look at how the population in Ethiopia breaks down by age group:
• 14.3 percent of Ethiopia’s population is between the ages of 0 and 4.
• 20.3 percent of Ethiopia’s population is between the ages of 5 and 12.
• 11.3 percent of Ethiopia’s population is between the ages of 13 and 17.
• 14.5 percent of Ethiopia’s population is between the ages of 18 and 24.
• 15.5 percent of Ethiopia’s population is between the ages of 25 and 34.
• 10.0 percent of Ethiopia’s population is between the ages of 35 and 44.
• 6.5 percent of Ethiopia’s population is between the ages of 45 and 54.
• 4.0 percent of Ethiopia’s population is between the ages of 55 and 64.
• 3.6 percent of Ethiopia’s population is aged 65 and above.
Note: percentages may not sum to 100 percent due to rounding.
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Internet use in Ethiopia in 2022
There were 29.83 million internet users in Ethiopia in January 2022.
Ethiopia’s internet penetration rate stood at 25.0 percent of the total population at the start of 2022.
Kepios analysis indicates that internet users in Ethiopia increased by 731 thousand (+2.5 percent) between 2021 and 2022.
For perspective, these user figures reveal that 89.50 million people in Ethiopia did not use the internet at the start of 2022, meaning that 75.0 percent of the population remained offline at the beginning of the year.
However, issues relating to COVID-19 continue to impact research into internet adoption, so actual internet user figures may be higher than these published numbers suggest (see here for further details).
For the latest insights into internet adoption and use around the world, follow our regular Global Statshot reports.
Go global: see how Ethiopia’s current “state of digital” compares with connectivity in other countries by reading our flagship Digital 2022 Global Overview Report, which includes hundreds of slides of global digital data, and our in-depth analysis of what these numbers might mean for you.
Internet connection speeds in Ethiopia in 2022
Data
Setting Goals and Making Decisions
The document discusses goal-setting and decision-making for mentees. It provides guidance on helping mentees set both short-term and long-term goals using the SMART model. The key aspects of goal-setting covered include establishing trust, ensuring goals are specific and measurable, and addressing factors that could prevent a mentee from achieving their goals. Decision-making techniques like considering alternatives and evaluating outcomes are also examined to help mentees make rational choices.
Pathfinders Final Presentation 1
Pathfinders aims to help students succeed in college through identifying personal goals, financial and academic preparedness, effective time management, avoiding obstacles, and academic advising. The document provides tips for setting SMART goals, creating budgets, using planners to manage time, maintaining health, and utilizing advisors to choose classes and ensure graduation requirements are met. Overall, the text stresses the importance of planning, organization, and accessing campus resources to overcome challenges and achieve one's goals in college.
PMDP - Almanza
This document outlines a Personal Management Development Plan for a B.S. in Management student. The plan identifies goals for the student to focus on developing management competencies and skills during their final year in the program. The student will draft goals related to AMA Management Development Competencies and their MBTI type, selecting one goal from each to work on per term over the course of three terms. For each goal, the student will describe specific actions and plans to achieve the goal during their practicum assignments. They will receive feedback and guidance from an instructor-coach each term to help refine their goals and plans.
Identifying Career Option Leading to.pptx
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HOW TO DO THE GOAL SETTING IN YOUR BUSINESS.pptx
This document provides information on setting SMART goals. It defines what goals are and why they are important for growth, motivation, and focus. Goals help provide direction and priorities. There are two types of goals: micro goals which are short-term and contribute to macro goals, which are long-term targets that can span years. The document outlines the SMART criteria for setting effective goals: specific, measurable, attainable, relevant, and time-bound. Setting goals using these criteria can encourage behaviors and guide progress towards objectives. Examples are provided for each letter in SMART.
Grant proposal goals and objectives (tati).pptx
This document outlines the goals and objectives of a presentation on writing goals and objectives for grant proposals. The presentation aims to help audiences recognize the importance of goals and objectives in grants, define what goals and objectives are, describe different types of goals and objectives and how to write them effectively using the SMART framework. It will also compare goals and objectives and provide examples. The document provides an agenda that will cover introduction, definitions, types, characteristics, examples and tips for writing good goals and objectives for grant proposals.
Chapter 07 -- Basics of planning
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Ammad awan glasgow - personal financial planning
Ammad Awan Glasgow is also responsible for ensuring that profitable sales volume and strategic objective targets are met for the assigned key accounts.
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2014 02 20 mission developer training - Strategic Planning from the Heart
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lesson
This document discusses secure communications using cryptography. It explains how encryption works to secure messages by transforming them in a way that can only be decrypted by someone with the proper key. Symmetric encryption uses the same key to encrypt and decrypt, while asymmetric encryption uses separate public and private keys. The document outlines how public key infrastructure (PKI) allows people to securely communicate over the internet using digital certificates from a certification authority to verify identities and encrypt messages that can only be read by the intended recipient.
22
The document discusses Year Up Puget Sound's 2012 Walk for Opportunity which aimed to raise awareness about bridging the opportunity divide through direct action. It presents a series of statements about voting for the reader to agree or disagree with. It then discusses how civic disengagement can impact political priorities and public funding. Specifically, it notes that politics is dominated by the wealthy, old and educated and that civic disconnection can lead to low voter turnout, limited advocacy, and low wages or limited career prospects for young adults.
22a
The document discusses Year Up Puget Sound's 2012 Walk for Opportunity which aimed to raise awareness about bridging the opportunity divide through direct action. It notes that direct action, such as voting, is important for young adults and underrepresented communities to advocate for their interests, but civic engagement and political priorities currently favor the wealthy, elderly, and educated. The document suggests different forms of civic engagement and social movement building can look different in various cities and encourages participants to consider how direct action, through voting, advocacy, and other means, can help ensure young adults are no longer just bystanders.
22a gotv
This document discusses civic engagement, particularly among young adults. It notes that voter turnout is low and politics are dominated by wealthy, older, and more educated groups. When certain groups are disconnected from civic participation, their priorities are less represented in political decisions around public funding. This can perpetuate low wages and limited career prospects for disengaged groups. The document advocates for civic engagement through voting, advocacy, and social movement building to make sure certain groups are no longer just bystanders in the political process.
36 understanding credit
A credit report contains a person's financial history including loans, bills paid on time, and public records. Creditors use this information to determine creditworthiness and risk level. A credit score numerically represents this and is used to predict the likelihood of repaying future debt. FICO scores specifically analyze credit report data to make these predictions. Maintaining good credit involves paying bills on time and avoiding excessive balances that incur high interest costs. Fixing poor credit requires disputing inaccuracies, making consistent on-time payments, and keeping old credit accounts open. People are entitled to a free credit report annually from each of the major credit agencies.
17s networking
Networking involves developing and maintaining mutually beneficial relationships over time. It has many benefits, such as building confidence and experience, and is often the best way to find a job or achieve personal and professional goals. Successful networking requires having an elevator pitch prepared, setting realistic goals, asking open-ended questions, following up promptly, and being genuinely interested in others. An elevator pitch can be used in interviews, follow-up calls, networking events, and career fairs to make a strong first impression.
Lesson 32 troubleshooting toolkit
This document provides guidance on troubleshooting common scenarios that interns may face. It instructs interns to work through 10 scenarios found in the Schoology system and develop plans of action to resolve potential issues. The document notes that interns now have perspective from their experience and their solutions may be different compared to before their internship.
22a gotv
The document discusses civic engagement, particularly among young adults. It notes that politics in the US is dominated by wealthy, older, and more educated groups as they are most likely to vote. When certain groups do not vote or advocate for themselves, their priorities are less likely to be addressed by politicians. This can create a cycle where disengagement leads to irrelevance leads to more disengagement. The document also mentions some voting restrictions in the US and shows examples of civic engagement efforts by Year Up in different cities. It prompts the reader to consider how to increase civic participation through actions like voting and advocacy.
22a gotv
This document discusses the importance of civic engagement and voting among young adults. It notes that politics is dominated by the wealthy, old, and educated, while young adults face low voter turnout and limited advocacy for their priorities. When certain groups do not vote or engage civically, politicians have less incentive to address their concerns. However, data shows that over 80% of eligible Year Up students voted in 2012, a far higher rate than other millennials. The document encourages civic participation through voting and advocacy.
15a effective email communication
Here are some suggestions for how to respond to your manager's email in a calm, professional manner:
Dear [Manager's Name],
Thank you for the additional update. I'm currently juggling several high priority projects and want to make sure I understand exactly what is being requested here. Could we schedule a short meeting later today or tomorrow morning to discuss this new task and clarify expectations?
My team is working hard to complete our current project on time. Additional responsibilities will require adjusting some deadlines or priorities. An in-person discussion will help ensure we have a shared understanding and the best path forward.
Please let me know what times work best for you. I appreciate you keeping me informed as needs and timelines shift
5a conflict management
Conflict is a normal part of life that arises in relationships due to differing views, values, and goals. It is often caused by miscommunications and misunderstandings between parties. There are several common sources of conflict in the workplace, including goals, personalities, scarce resources, styles, and values. There are five main conflict management styles - accommodating, avoiding, collaborating, competing, and compromising - which can be applied depending on the situation to better manage conflicts through active listening and understanding opposing perspectives.
19 goal setting and managing setbacks
The document discusses goal setting and managing setbacks. It recommends developing SMART goals that are specific, measurable, achievable, relevant and time-bound. When facing setbacks, the document advises to reframe failures, accept responsibility, learn from mistakes, persevere and join forces with others. Responding well to setbacks is important as everyone experiences them; how you handle challenges matters more than the challenges themselves.
18 developing an action plan
To develop an effective action plan, one must first set long-term goals by envisioning where they want to be in 5, 10, or more years. They then work backwards to establish short-term goals for the next month, year, and five years to achieve the long-term vision. It is important to prioritize goals by focusing on the most important ones and adding more over time as initial goals are accomplished. Creating a sample plan with specific short-term goals can help achieve a long-term goal like running a marathon within 5 years.
11 informational interviews
An informational interview allows a job seeker to learn about a particular occupation or industry by speaking directly with someone already working in that field. It provides an opportunity to learn what training or experience is needed for that career path, gain networking contacts, and hear about potential future job openings. Unlike a job interview where the focus is on promoting yourself for a specific role, an informational interview puts the job seeker in the position to ask questions and gain knowledge about the field or company. Proper preparation includes researching the company ahead of time and following up with a thank you note after the meeting.
3 professionalism and professional etiquette
The document discusses the importance of professionalism and etiquette in the workplace. It provides keys to workplace etiquette like having a positive attitude, respect for others, teamwork, and taking responsibility. Good self-esteem is important because it helps one take pride in their work and stay motivated. The document also provides guidance on professional dress, including examples of business professional and business casual attire for men and women. General grooming tips emphasize being well-groomed and polished in appearance.
2 learning styles
Learning styles are defined as characteristics that influence how individuals learn and process information. There are seven main learning styles, including visual, auditory, reading/writing, kinesthetic, solitary, collaborative, and multi-sensory. When working in a group project with members having different learning styles, effective communication is key to maximizing everyone's strengths and dividing responsibilities appropriately to complete the assigned task.
1 effective communication
The document discusses effective communication and provides tips for active listening. It outlines the 7 C's of effective communication and explores nonverbal communication cues that indicate listening or lack of listening. Active listening techniques are suggested, including note-taking, using nonverbal cues, asking questions, and repeating what was said. Effective communication relies on being a good listener as well as considering teamwork, identity, and understanding between communicators.
Lesson 4
The document discusses understanding corporate culture through an intern's experience. It defines corporate culture as the beliefs, values, focus of attention, decision-making processes, and behaviors that are rewarded within a company. Interns are encouraged to reflect on questions like how coworkers communicate, how decisions are made, and what behaviors are expected in order to understand the cultural traditions and realities of working at their organization. Analyzing a company's culture involves considering how people communicate and conduct meetings, as well as critically examining videos about different corporate cultures.
Lesson 14 identifying professional development opportunities
This document discusses professional development and provides guidance on developing a professional development plan. It defines professional development as learning directly related to optimal job performance, such as business and communication skills, teamwork, and knowledge of diverse work environments. Some benefits of seeking professional development include developing expertise, relationships, knowledge, and innovation. The document recommends conducting a self-assessment, setting goals and actions, and tracking progress when creating a professional development plan. A template is provided to outline long and short-term goals with measurements and timeframes.
Lesson 21 the art of negotiation
This document provides guidance on salary negotiation. It recommends evaluating job offers carefully by researching typical salaries, considering personal budget needs and long-term goals. When an offer is lower than expected, communicate this to the employer and be open to compromises like additional benefits in place of higher pay. Understand that first offers may not be fixed and leaving the door open for further negotiation is important. Maintain confidence in your skills and experience during negotiations rather than relying on need for the job.
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Lesson 8 money management and budgeting
- 1. Money Management and Budgeting
- 2. 2 Check-In with Coaches Think about how you budget your money: What are some of the biggest challenges you face? What are some of the solutions you’ve developed to help you budget?
- 3. 3 Developing a Monthly Budget Open the Monthly Budget spreadsheet in Schoology. Use this time to complete your budget. • In comparing your ideal budget and your actual budget, what can you do to reduce any gaps between the two? • How can you implement these ideas?
- 4. 4 Your Monthly Budget & Your Goals Remember your 5-Year Action Plans? • What connections do you see between keeping a monthly budget and achieving your short and long-term goals? • How will your budget need to change as your goals evolve?
- 5. 5 Internship Experience & Corporate Profile Presentations Review the Instructions for the Internship Experience and Corporate Profile Presentations in Schoology. You should be prepared to present in the next class, though only half will present. All slide decks are due before the start of next class, whether or not they will present next week.
Editor's Notes
- Check-In with Coaches (15 minutes) When you think about budgeting your money, what are some of the biggest challenges you face? What are some of the solutions you’ve developed to help you budget? Use this time with students to invite them share some of the internship high and lowlights. In facilitating these discussions, ensure that the conversation remains productive. Encourage students to provide each other with support as well as sharing of experiences and lessons learned.
- Developing a Monthly Budget (30 minutes) Students should access the budget template via Schoology. Each student should work to complete his/her individual budget in class. Students should review and complete the first page of the personal budget worksheet in groups of two. Walk around the room offering assistance and guidance. Use this opportunity to reinforce basic Excel skills. Once students have had an opportunity to work through their budgets, remind them of their 5-year action plans from Pro Skills in L&D to reinforce the connection between small-scale and large-scale goals. If possible, have students access their action plans from Schoology. Use the following questions to help facilitate discussion: In comparing your ideal budget and your actual budget, what can you do to reduce any gaps between the two? How can you implement these ideas?
- Once students have had an opportunity to work through their budgets, remind them of their 5-year action plans from Pro Skills in L&D to reinforce the connection between small-scale and large-scale goals. If possible, have students access their action plans from Schoology (Lesson 18: Building Your Personal Brand and Lesson 19: Goal Setting). Use the following questions to help facilitate discussion: What connections do you see between keeping a monthly budget and achieving your short and long-term goals? How will your budget need to change as your goals evolve?
- Overview: Internship Experience and Corporate Profile Presentations (10 minutes) Review the Instructions for the Internship Experience and Corporate Profile Presentations via Schoology. Each student should be prepared to present in the next class, though only half will present. All slide decks are due before the start of next class, whether or not they will present next week.