Ammad awan glasgow - personal financial planningAmmadAwanGlasgow
Ammad Awan Glasgow is also responsible for ensuring that profitable sales volume and strategic objective targets are met for the assigned key accounts.
The document provides guidance on taking control of personal finances through developing and implementing an effective financial plan. It outlines three main steps: 1) developing a clear understanding of one's current financial situation through creating a budget, 2) setting and prioritizing financial goals, and 3) implementing appropriate saving and investment strategies tailored to goals. Additional topics covered include managing debt and credit, understanding credit reports, and the potential benefits of working with a financial professional.
Personal financial planning chapter#02 discussion case 01Zeshan Taimoor
Jimmy and Bethany have just returned from their honeymoon and are looking to establish financial goals for their future. They would like to own a home and have children but don't have clear goals beyond that. They have been encouraged by their parents to seek financial planning help but are unsure they can afford it. As their financial advisor, you would explain the five steps of financial planning to help them achieve their goals: evaluating their current situation, defining goals, developing an action plan, implementing it, and reviewing progress. You would identify short, medium, and long term goals like saving for a down payment, college funds, and retirement. Financial plans also need flexibility, liquidity, protection from risks, and to minimize taxes which relate to
Money management for college students making money smart decisionsSales & Marketing Pro
For the Freshman Decision Making Class - The importance of making good financial decisions and how the decisions you make today will impact the rest of your life.
Unit one of Floyd Saunders' Personal Money Management Seminars - Learn the basics of budgeting and why managing your money starts with controlling spending. This is the first unit in a series of six that include: buying your first home, credit cards, living on your own, handling credit and savings/investing. Contact me for the instructor's guide and participant workbooks.
Financial Planning - Helping You Sail Successfully into the FutureFrank Wiginton
This document summarizes the key aspects of developing a comprehensive financial plan. It discusses that a financial plan should address goals, assets, debts, taxes, investments, insurance, estate planning and more. It outlines the multi-step process of developing a plan, including initial interviews, data gathering, analysis, draft reviews and implementation. It emphasizes that a good financial plan takes over 20 hours to fully prepare. The document also provides background on the author, Frank Wiginton, a certified financial planner who believes comprehensive planning is needed to make appropriate financial recommendations and decisions.
The document discusses budgeting and saving for teenagers. It provides statistics that on average teenagers earn $80 per week from a job paying $5.70 per hour working 15 hours. Teenagers spend over $155 billion annually, with girls spending $91 per week and boys $87. Having a budget helps manage income and expenses to avoid debt and save for goals. The document recommends estimating income and expenses, planning for savings and emergencies, and using the envelope system to manage spending categories.
Terry Brett, a finance manager and retiree, discusses personal finance topics such as budgeting, savings, credit cards, and frugality. He emphasizes the importance of creating a budget or spending plan to track income and expenses. This allows people to save for goals and emergencies. Brett notes savings should be a fixed cost in a budget. Creating and following a budget can help people gain financial control and confidence.
Ammad awan glasgow - personal financial planningAmmadAwanGlasgow
Ammad Awan Glasgow is also responsible for ensuring that profitable sales volume and strategic objective targets are met for the assigned key accounts.
The document provides guidance on taking control of personal finances through developing and implementing an effective financial plan. It outlines three main steps: 1) developing a clear understanding of one's current financial situation through creating a budget, 2) setting and prioritizing financial goals, and 3) implementing appropriate saving and investment strategies tailored to goals. Additional topics covered include managing debt and credit, understanding credit reports, and the potential benefits of working with a financial professional.
Personal financial planning chapter#02 discussion case 01Zeshan Taimoor
Jimmy and Bethany have just returned from their honeymoon and are looking to establish financial goals for their future. They would like to own a home and have children but don't have clear goals beyond that. They have been encouraged by their parents to seek financial planning help but are unsure they can afford it. As their financial advisor, you would explain the five steps of financial planning to help them achieve their goals: evaluating their current situation, defining goals, developing an action plan, implementing it, and reviewing progress. You would identify short, medium, and long term goals like saving for a down payment, college funds, and retirement. Financial plans also need flexibility, liquidity, protection from risks, and to minimize taxes which relate to
Money management for college students making money smart decisionsSales & Marketing Pro
For the Freshman Decision Making Class - The importance of making good financial decisions and how the decisions you make today will impact the rest of your life.
Unit one of Floyd Saunders' Personal Money Management Seminars - Learn the basics of budgeting and why managing your money starts with controlling spending. This is the first unit in a series of six that include: buying your first home, credit cards, living on your own, handling credit and savings/investing. Contact me for the instructor's guide and participant workbooks.
Financial Planning - Helping You Sail Successfully into the FutureFrank Wiginton
This document summarizes the key aspects of developing a comprehensive financial plan. It discusses that a financial plan should address goals, assets, debts, taxes, investments, insurance, estate planning and more. It outlines the multi-step process of developing a plan, including initial interviews, data gathering, analysis, draft reviews and implementation. It emphasizes that a good financial plan takes over 20 hours to fully prepare. The document also provides background on the author, Frank Wiginton, a certified financial planner who believes comprehensive planning is needed to make appropriate financial recommendations and decisions.
The document discusses budgeting and saving for teenagers. It provides statistics that on average teenagers earn $80 per week from a job paying $5.70 per hour working 15 hours. Teenagers spend over $155 billion annually, with girls spending $91 per week and boys $87. Having a budget helps manage income and expenses to avoid debt and save for goals. The document recommends estimating income and expenses, planning for savings and emergencies, and using the envelope system to manage spending categories.
Terry Brett, a finance manager and retiree, discusses personal finance topics such as budgeting, savings, credit cards, and frugality. He emphasizes the importance of creating a budget or spending plan to track income and expenses. This allows people to save for goals and emergencies. Brett notes savings should be a fixed cost in a budget. Creating and following a budget can help people gain financial control and confidence.
How To Budget Personal Finances In 3 Simple StepsMichael Lee
Learning how to budget personal finances is very important. Not only does it help you save up for your future, it also keeps you from incurring any unnecessary expenses. This presentation will show you how in 3 simple steps.
Personal budgeting involves tracking income and expenses to understand how to allocate money and achieve financial goals. It is important to prepare a budget to identify goals, manage money better, increase savings, and prepare for emergencies. A personal budget should determine income sources, average income over 6 months, categorize expenses as fixed, variable or discretionary, average expenses over 2-3 months, compare income to expenses, set financial goals, and regularly review progress. Proper budgeting leads to financial security.
This document provides an overview of money management skills and concepts. It discusses creating a personal balance sheet and cash flow statement, developing a personal budget, and connecting money management activities to personal financial goals. Major topics covered include determining assets and liabilities, tracking income and expenses over time, and using a budget to spend and save effectively.
Budgeting and Savings with ING Driect and ACCION USAACCION East
The document provides tips and information for creating budgeting and savings plans, including the importance of setting financial goals and maintaining money management. It discusses defining goals using the SMART approach, tracking expenses, developing a savings plan, and tips for budgeting to achieve financial success.
This document discusses the importance of creating and following a personal budget. It outlines the budgeting process, which includes knowing your goals, tracking expenses, developing a budget with categories for income, expenses like tithing and savings, and living expenses, implementing the budget, and comparing it to actual spending to make adjustments. It emphasizes paying tithing first, then saving, and living on what remains in order to prioritize financial goals and attain independence. Different types of budgets are mentioned, and it is noted that budgets encourage better financial management.
Reasons for Developing a Personal BudgetKevin Waida
Kevin Waida is a communications student at the University of Missouri pursuing a minor in personal financial planning. He has joined the Financial Planning Association as this is his primary professional interest. A budget is the most important part of managing personal finances as it allows you to know your incoming and outgoing funds over a period of time. This helps you understand your spending behavior and determine if you can afford daily purchases or larger investments. A budget also lets you prioritize spending based on goals and see clearly where income is spent and what can be eliminated to help reach savings goals like a down payment. Creating a careful budget provides a clear picture of resources to avoid overspending that leads to debt.
The document provides information about a budgeting course offered by Salford Advice & Information Network. The course aims to teach skills for managing personal finances and creating a sustainable household budget. It covers topics like understanding income, essential vs non-essential expenses, budget planning tools, emergency savings funds, and adjusting a budget when needed. The goal is for participants to learn how to develop and self-manage a monthly budget tailored to their needs.
This unit covers managing money through budgeting and understanding net worth. The key learning outcomes are developing personal budgets and understanding financial institution services. Budgeting involves tracking income, expenses, savings, and creating a monthly plan. A net worth statement calculates the difference between assets owned and debts owed to determine overall financial worth. Maintaining a low debt-to-equity ratio is important for financial wellness.
The document outlines objectives for teaching pharmacy students and pharmacists about personal finance. It discusses the importance of financial literacy for employees and the costs of poor financial behaviors for employers, such as absenteeism and reduced productivity. The summary also describes the key steps in personal financial planning, including determining one's financial situation, setting goals, evaluating alternatives, creating an action plan, and reevaluating. It defines personal balance sheets and cash flow statements as tools for financial planning.
A budget is a plan that outlines a person's expected income and expenses over a set period of time. Creating a budget helps determine if one can afford certain purchases or needs to reduce spending. It is an important tool for prioritizing spending and managing finances. Students and new graduates especially benefit from budgets to handle school or living expenses with limited income. After graduating, priorities for budgeting include paying off student loans, building an emergency fund, and starting retirement savings. Practicing impulse control and automating savings are keys to effective budgeting.
A budget is a plan that outlines a person's expected income and expenses over a set period of time. Creating a budget helps determine if one can afford expenses and prioritize spending. It is important for students, new graduates, and beyond to create budgets that allocate funds for necessities, debt repayment, emergency savings, and retirement. Proper budgeting requires tracking income and expenses, paying off high interest debts first, building an emergency fund, and practicing self-control to avoid impulse spending.
The document outlines a 5-step process for creating a financial plan: 1) set SMART goals, 2) analyze income and expenses, 3) create a plan, 4) implement the plan, and 5) monitor and modify the plan as needed. It emphasizes the importance of planning to meet both short-term and long-term financial goals. Key aspects of planning include distinguishing needs from wants, setting attainable yet challenging goals, tracking spending and income, anticipating obstacles, and regularly reviewing progress.
Creating a Family/ Personal Budget: Dollars & Sense! Presentationuarkgradstudent
This document provides information about teaching a lesson on budgeting. The lesson will define key terms related to personal finance and budgeting. Students will learn how to create a budget by planning expenses, distinguishing between wants and needs, and using spreadsheets. They will understand income, expenses, and how to plan a realistic monthly budget. The goal is for students to spend less than they earn and better manage their finances by depositing savings each month.
Trident Technical College's Student Support Services program provides resources to help students learn how to manage their money through organizing their finances, setting financial goals and creating budgets. The document outlines six steps for students: 1) Organize personal financial records and accounts, 2) Review current income and expenses, 3) Set short, mid, and long-term financial goals, 4) Create a budget and identify areas for improvement, 5) Understand different types of bank and credit accounts, and 6) Save for emergencies, goals and the future by investing money wisely. Additional resources for students seeking financial help include on-campus programs, tax credits, discounts, and online financial planning tools.
The document provides information on budgeting and its importance. It defines a budget as a plan for spending resources like time and money. Creating and following a budget allows you to know your earning capacity, gain control over finances, prepare for emergencies, reduce waste, and relieve stress. The document outlines steps for creating a budget, including listing income and expenses, and recommends allocating spending to needs, wants, and savings. It emphasizes developing a healthy mindset around money and financial freedom through budgeting.
The document discusses creating an income and expense statement and cashflow statement to assess financial position over time. It explains that an income statement shows income and expenditures over a period, while a cashflow statement only includes actual cash inflows and outflows. The key steps are to list all sources of income, expenditures, and determine the surplus or deficit. Creating these statements makes it easy to see where money is being spent and how earnings and expenses impact net worth over time.
This document provides steps and tools for setting financial goals and creating a personal spending plan, including tracking daily spending, determining monthly income and expenses, and identifying ways to decrease expenses and increase income. The key aspects covered are setting specific financial goals, creating a budget to balance expected monthly income with expenses, understanding assets, liabilities and net worth, and using tools like spending diaries, income/expense worksheets, and payment calendars to track finances and prioritize bill payments. The overall aim is to help gain control over personal finances through financial planning.
This document provides information on personal budgeting and why it is important. It defines a budget as a plan for managing money to meet personal needs and wants. Developing a budget can help achieve financial goals by identifying income and expenses, directing money flow, and increasing savings. The document outlines steps to create a budget, including setting financial goals, estimating income, recording expenses, and reviewing the budget monthly. Key parts of a budget include income, expenses, and an emergency fund.
Money management involves tracking income and expenses through budgeting. It is important to start learning money management early to avoid debt. Mastering basic money management skills like budgeting, setting financial goals, and saving can help achieve financial freedom. Effective money management includes planning a budget each month, paying bills on time, setting aside savings each pay period, and minimizing wasteful spending. The keys are tracking spending, living within your means, avoiding debt when possible, and developing healthy financial habits.
The document provides an overview of the 6 steps to financial planning, including determining your current financial situation, developing financial goals, identifying options, evaluating alternatives, creating a plan of action, and reviewing and revising the plan. It also discusses setting SMART goals, the influences on personal financial planning like life situations and economic factors, and key concepts like opportunity costs and the time value of money.
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.
ADVERTISEMENT
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.
ADVERTISEMENT
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
How To Budget Personal Finances In 3 Simple StepsMichael Lee
Learning how to budget personal finances is very important. Not only does it help you save up for your future, it also keeps you from incurring any unnecessary expenses. This presentation will show you how in 3 simple steps.
Personal budgeting involves tracking income and expenses to understand how to allocate money and achieve financial goals. It is important to prepare a budget to identify goals, manage money better, increase savings, and prepare for emergencies. A personal budget should determine income sources, average income over 6 months, categorize expenses as fixed, variable or discretionary, average expenses over 2-3 months, compare income to expenses, set financial goals, and regularly review progress. Proper budgeting leads to financial security.
This document provides an overview of money management skills and concepts. It discusses creating a personal balance sheet and cash flow statement, developing a personal budget, and connecting money management activities to personal financial goals. Major topics covered include determining assets and liabilities, tracking income and expenses over time, and using a budget to spend and save effectively.
Budgeting and Savings with ING Driect and ACCION USAACCION East
The document provides tips and information for creating budgeting and savings plans, including the importance of setting financial goals and maintaining money management. It discusses defining goals using the SMART approach, tracking expenses, developing a savings plan, and tips for budgeting to achieve financial success.
This document discusses the importance of creating and following a personal budget. It outlines the budgeting process, which includes knowing your goals, tracking expenses, developing a budget with categories for income, expenses like tithing and savings, and living expenses, implementing the budget, and comparing it to actual spending to make adjustments. It emphasizes paying tithing first, then saving, and living on what remains in order to prioritize financial goals and attain independence. Different types of budgets are mentioned, and it is noted that budgets encourage better financial management.
Reasons for Developing a Personal BudgetKevin Waida
Kevin Waida is a communications student at the University of Missouri pursuing a minor in personal financial planning. He has joined the Financial Planning Association as this is his primary professional interest. A budget is the most important part of managing personal finances as it allows you to know your incoming and outgoing funds over a period of time. This helps you understand your spending behavior and determine if you can afford daily purchases or larger investments. A budget also lets you prioritize spending based on goals and see clearly where income is spent and what can be eliminated to help reach savings goals like a down payment. Creating a careful budget provides a clear picture of resources to avoid overspending that leads to debt.
The document provides information about a budgeting course offered by Salford Advice & Information Network. The course aims to teach skills for managing personal finances and creating a sustainable household budget. It covers topics like understanding income, essential vs non-essential expenses, budget planning tools, emergency savings funds, and adjusting a budget when needed. The goal is for participants to learn how to develop and self-manage a monthly budget tailored to their needs.
This unit covers managing money through budgeting and understanding net worth. The key learning outcomes are developing personal budgets and understanding financial institution services. Budgeting involves tracking income, expenses, savings, and creating a monthly plan. A net worth statement calculates the difference between assets owned and debts owed to determine overall financial worth. Maintaining a low debt-to-equity ratio is important for financial wellness.
The document outlines objectives for teaching pharmacy students and pharmacists about personal finance. It discusses the importance of financial literacy for employees and the costs of poor financial behaviors for employers, such as absenteeism and reduced productivity. The summary also describes the key steps in personal financial planning, including determining one's financial situation, setting goals, evaluating alternatives, creating an action plan, and reevaluating. It defines personal balance sheets and cash flow statements as tools for financial planning.
A budget is a plan that outlines a person's expected income and expenses over a set period of time. Creating a budget helps determine if one can afford certain purchases or needs to reduce spending. It is an important tool for prioritizing spending and managing finances. Students and new graduates especially benefit from budgets to handle school or living expenses with limited income. After graduating, priorities for budgeting include paying off student loans, building an emergency fund, and starting retirement savings. Practicing impulse control and automating savings are keys to effective budgeting.
A budget is a plan that outlines a person's expected income and expenses over a set period of time. Creating a budget helps determine if one can afford expenses and prioritize spending. It is important for students, new graduates, and beyond to create budgets that allocate funds for necessities, debt repayment, emergency savings, and retirement. Proper budgeting requires tracking income and expenses, paying off high interest debts first, building an emergency fund, and practicing self-control to avoid impulse spending.
The document outlines a 5-step process for creating a financial plan: 1) set SMART goals, 2) analyze income and expenses, 3) create a plan, 4) implement the plan, and 5) monitor and modify the plan as needed. It emphasizes the importance of planning to meet both short-term and long-term financial goals. Key aspects of planning include distinguishing needs from wants, setting attainable yet challenging goals, tracking spending and income, anticipating obstacles, and regularly reviewing progress.
Creating a Family/ Personal Budget: Dollars & Sense! Presentationuarkgradstudent
This document provides information about teaching a lesson on budgeting. The lesson will define key terms related to personal finance and budgeting. Students will learn how to create a budget by planning expenses, distinguishing between wants and needs, and using spreadsheets. They will understand income, expenses, and how to plan a realistic monthly budget. The goal is for students to spend less than they earn and better manage their finances by depositing savings each month.
Trident Technical College's Student Support Services program provides resources to help students learn how to manage their money through organizing their finances, setting financial goals and creating budgets. The document outlines six steps for students: 1) Organize personal financial records and accounts, 2) Review current income and expenses, 3) Set short, mid, and long-term financial goals, 4) Create a budget and identify areas for improvement, 5) Understand different types of bank and credit accounts, and 6) Save for emergencies, goals and the future by investing money wisely. Additional resources for students seeking financial help include on-campus programs, tax credits, discounts, and online financial planning tools.
The document provides information on budgeting and its importance. It defines a budget as a plan for spending resources like time and money. Creating and following a budget allows you to know your earning capacity, gain control over finances, prepare for emergencies, reduce waste, and relieve stress. The document outlines steps for creating a budget, including listing income and expenses, and recommends allocating spending to needs, wants, and savings. It emphasizes developing a healthy mindset around money and financial freedom through budgeting.
The document discusses creating an income and expense statement and cashflow statement to assess financial position over time. It explains that an income statement shows income and expenditures over a period, while a cashflow statement only includes actual cash inflows and outflows. The key steps are to list all sources of income, expenditures, and determine the surplus or deficit. Creating these statements makes it easy to see where money is being spent and how earnings and expenses impact net worth over time.
This document provides steps and tools for setting financial goals and creating a personal spending plan, including tracking daily spending, determining monthly income and expenses, and identifying ways to decrease expenses and increase income. The key aspects covered are setting specific financial goals, creating a budget to balance expected monthly income with expenses, understanding assets, liabilities and net worth, and using tools like spending diaries, income/expense worksheets, and payment calendars to track finances and prioritize bill payments. The overall aim is to help gain control over personal finances through financial planning.
This document provides information on personal budgeting and why it is important. It defines a budget as a plan for managing money to meet personal needs and wants. Developing a budget can help achieve financial goals by identifying income and expenses, directing money flow, and increasing savings. The document outlines steps to create a budget, including setting financial goals, estimating income, recording expenses, and reviewing the budget monthly. Key parts of a budget include income, expenses, and an emergency fund.
Money management involves tracking income and expenses through budgeting. It is important to start learning money management early to avoid debt. Mastering basic money management skills like budgeting, setting financial goals, and saving can help achieve financial freedom. Effective money management includes planning a budget each month, paying bills on time, setting aside savings each pay period, and minimizing wasteful spending. The keys are tracking spending, living within your means, avoiding debt when possible, and developing healthy financial habits.
The document provides an overview of the 6 steps to financial planning, including determining your current financial situation, developing financial goals, identifying options, evaluating alternatives, creating a plan of action, and reviewing and revising the plan. It also discusses setting SMART goals, the influences on personal financial planning like life situations and economic factors, and key concepts like opportunity costs and the time value of money.
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.
ADVERTISEMENT
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.
ADVERTISEMENT
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
2013 CSAAEINC Foundation Conference
Financial Responsibility: Personal Finance Basics and the Time Value of Money
By Dr. Bongo Adi
Lagos Business School
This document outlines the six-step process for personal financial planning: 1) determine current financial situation, 2) develop financial goals, 3) identify alternative courses of action, 4) evaluate alternatives, 5) create and implement a financial action plan, and 6) review and revise the plan. It emphasizes that financial planning is an ongoing process that requires regularly assessing decisions and adapting to changing life situations. The document also provides examples of the types of information and resources that can be used at each step of financial planning.
The document discusses the importance of financial planning. It defines planning as establishing goals, policies, and procedures for an economic unit. Financial planning is a continuous process that involves taking the right investment decisions to achieve goals. It gives examples of how financial planning can help with inflation, insurance needs, taxes, and cash flow management. It stresses understanding one's financial status, setting investment goals, choosing suitable tools, and regularly reviewing the plan. Financial planning ensures adequate funds for contingencies, short-term needs, and long-term goals.
This document discusses several topics related to personal finance, including:
1) The difference between needs and wants, with needs like food and shelter taking priority over wants like new technology.
2) The importance of setting financial goals, both short-term goals under a year and long-term goals over a year, with an example of successfully saving $2,000 in 3 months.
3) Depository institutions like banks and credit unions that offer financial services and important factors for choosing one like location, interest rates, and insurance.
This document provides an overview of a personal finance course. The course aims to help students gain skills to responsibly manage their money and gain perspective on how finances should affect their lives. The course will cover topics like setting financial goals, maximizing income and assets while minimizing expenses and liabilities, financial planning at different life stages, and determining net worth. The overall goal is to help students attain both financial and non-financial life goals in a sustainable way.
1) Personal financial planning involves arranging one's finances to achieve goals through spending, saving, and investing. It has benefits like increased control over finances and freedom from financial worries.
2) There are six steps to financial planning: 1) determine your current financial situation, 2) develop financial goals, 3) identify alternative courses of action, 4) evaluate alternatives, 5) create a financial plan of action, and 6) review and revise the plan.
3) Creating a strong financial plan involves understanding your needs and goals, and developing customized strategies for income tax, estate planning, retirement, investments, education, business, and risk management to navigate financial challenges and changes over time.
1. Financial planning involves evaluating one's current financial situation, setting goals, and developing recommendations to achieve those goals. It includes areas like investing, taxes, savings, and insurance.
2. The document discusses the meaning and benefits of financial planning. It outlines the basic steps of financial planning as evaluating one's current finances, writing down financial objectives, exploring investment opportunities, and developing the right plan.
3. Maintaining and monitoring the financial plan is emphasized as important for adapting to changes in one's circumstances over time. Various tips are provided around managing expenses, savings, debt, and investments.
HUSC 3366 Chapter 1 Personal Finance in Action Rita Conley
This document provides an overview of personal financial planning. It discusses factors that influence financial decisions like life situation and the economy. It also outlines the key activities in financial planning such as obtaining income, saving, borrowing, spending, managing risk, investing, and retirement planning. The document emphasizes the importance of setting realistic and specific financial goals and understanding opportunity costs and the time value of money when making financial decisions. It provides guidance on developing a comprehensive financial planning process that involves assessing one's current situation, setting goals, evaluating alternatives, creating an action plan, and reviewing progress. Additionally, the document covers how career choice relates to financial planning and offers tips for career planning and job searching.
The makingCHANGE financial education program provides online resources to help users better manage their money. It offers various courses and tools covering topics like budgeting, credit, savings, and more. Users can take quizzes, track expenses, create budgets and debt payment plans, and view success stories of others who have overcome financial challenges. The program aims to help those struggling with money issues by providing easy-to-understand content tailored to different learning styles and financial situations.
The document provides an overview of the key components of a personal financial plan, including budgeting and tax planning, managing liquidity, financing large purchases, protecting assets and income through insurance, investing funds, and planning for retirement and one's estate. It outlines the six main steps to developing an effective financial plan: establishing goals, evaluating one's current financial position, identifying alternative plans, selecting the best plan, evaluating progress, and revising the plan as needed. Finally, it discusses how the Internet can facilitate financial planning by providing updated information and tools to support all aspects of the financial planning process.
Unit 1- Part c - The Ins and Outs of Budgetingcelsesser
This document discusses various factors that can impact a budget, including limited resources, one-time annual expenses, needs vs wants, opportunity cost, income vs fixed and variable expenses. It emphasizes the importance of prioritizing needs, practicing restraint, and constantly evaluating your budget to avoid deficits. An emergency fund is also highlighted as important to have savings for unexpected expenses rather than relying on credit.
Solution Manual for Personal Financial Planning 15th Edition by Randy Billing...mwangimwangi222
Solution Manual for Personal Financial Planning 15th Edition by Randy Billingsley, Lawrence J. Gitman Complete Verified Chapter's
Solution Manual for Personal Financial Planning 15th Edition by Randy Billingsley, Lawrence J. Gitman Complete Verified Chapter's
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Personal Financial PlanningChapter 1 Personal Fina.docxpauline234567
Personal Financial
Planning
Chapter 1
Personal Financial Planning
A systematic process that considers important
elements of an individual’s financial affairs in
order to fulfill financial goals.
Rewards of Financial Planning
Allows us to acquire, use and control our
financial resources more efficiently
Allows us to gain more enjoyment from
our income
Allows us to improve our standard of
living
Propensity to Consume
Regardless of income level, you must decide to
spend now or spend later
Your decision to spend now is a function of your
propensity to consume – the percentage of each
dollar of income, on average, that you spend on
current needs rather than saving.
Your income level affect your propensity to consume
– higher income lower propensity to consume, since
basic needs represent a lower portion of income
Accumulating Wealth
Wealth consist of financial assets and tangible
assets
Financial assets are intangible and include cash
accounts and securities such as stock, bonds,
mutual funds, etc.
Tangible assets are physical assets such as
automobiles, houses, furniture
Median net worth considering all families $97,300
The Average American, Financially
Speaking Exhibit 1.2
Income and Assets
What Do We Earn? (median) All families $52,700
What Are We Worth? (median) All families $97,300
Home Ownership (median) Value of primary residence $185,000
Mortgage on primary residence $111,000
How Much Savings Do We Have? (median)
Pooled investment funds (excluding money market) $114,000
Stocks $25,000
Bonds $100,000
Bank accounts/CDs $24,500
Retirement accounts $60,000
Personal Financial Planning
A systematic process that considers
important elements of an individual’s
financial affairs in order to fulfill financial
goals.
Six-Steps Financial Planning Process
Discussion
What is your definition of “Goals”?
What are some examples of financial
goals that one may have?
Financial Goals (1 of 2)
Results that an individual wants to attain, such
as buying a home, building a college fund, or
achieving financial independence.
Examples:
Controlling living expenses
Retirement planning
College Education for kids
Financial Goals (2 of 2)
Goals should be specific, for example I will save 10% of take-home
pay
Goals must be realistic, for example it is unrealistic to plan to save
25% of take-home pay
Family (husband, wife, and kids when they are teens) should buy
into the goals
Goals should be assigned a targeted time period
GOALS SHOULD BE SMART
Putting Target Dates on Financial
Goals
Long-term
6 years or more
Intermediate-term
the next 2-5 years
Short-term
in the next year
Professional Financial Planner
An individual or firm that helps clients
establish financial goals and develop and
implement financial plans to achieve those
goals.
Role is similar to that of a personal trainer at
the g.
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2. The Money Plan: Respond in
your notebook
Q: I am a high school student. I do not have money for
investments or buying property. So what difference does
it make how I spend my money now?
A: You will not always be a student. Learning to save
and use money wisely now will help you know how to
achieve financial security in the future. While you are in
high school, financial planning can help you decide how
to spend, save, and invest your money for special
purchases or activities that matter to you. You may
even be able to buy stock
3. Personal Financial Decisions
Personal finance is everything in your life that involves
money.
Some of the benefits of personal financial planning are:
You have more money and financial security.
You know how to use money to achieve your goals.
You have less chance of going into debt you cannot
handle.
You can help your partner and support your
children, if you have a family.
4. 6 Steps of Financial Planning
The financial planning process has six steps to help you reach
your goals.
Step 1: Determine Your Current Financial Situation
To figure out your current financial situation, make a list of
items that relate to your finances, such as:
Savings
Monthly income (job earnings, allowance, gifts, and
interest on bank accounts)
Monthly expenses (money you spend)
Debts (money you owe to others)
When you have determined your financial situation, you will
be able to start planning.
5. 6 Steps of Financial Planning
Step 2: Develop Your Financial Goals
To develop clear financial goals, think about your
attitude toward money and ask yourself some questions:
Is it more important to spend your money now or
to save for the future?
Would you rather get a job right after high school
or continue your education?
Do your personal values affect your financial
decisions?
Do you know the difference between your needs
and your wants?
6. 6 Steps of Financial Planning
Step 3: Identify Your Options
It is impossible to make a good decision unless you know
all your options. If you are saving $50 a month, for
example, you might have these options:
Expand the current situation by increasing the
amount of money you save every month to $60.
Change the current situation by investing in stocks
instead of putting your money into a savings
account.
Start something new by using the $50 to pay off
your debts.
Continue the same course of action
7. 6 Steps of Financial Planning
Step 4: Evaluate Your Alternatives
You must consider the consequences and risks of each
decision you make during the financial planning
process.
You can do this by:
Using the many available sources of financial
information to keep you up-to-date with social
and economic conditions that can affect your
financial situation.
Understanding the opportunity cost of your
decisions.
8. 6 Steps of Financial Planning
Understanding Risks
When you make a financial decision, you also
accept certain financial risks. Some types of
financial risks include:
Inflation Risk
Interest Rate Risk
Income Risk
Personal Risk
Liquidity Risk
9. 6 Steps of Financial Planning
Step 5: Create and Use Your Financial Plan of
Action
A plan of action is a list of ways to achieve your financial
goals.
Some examples of plans of action include:
Cutting back on spending to increase your
savings.
Getting a part-time job or working more hours at
your present job to increase your income.
10. 6 Steps of Financial Planning
Step 6: Review and Revise
Your Plan
As you get older, your finances
and needs will change. That
means that your financial plan
will have to change too. You
should reevaluate and revise
it every year
12. Activity: Importance of
Financial Planning Skit
Your goal is to work in groups of 3-4 to design a skit that
will outline the importance of financial planning. Your
skit needs to include at least 3 of the steps to financial
planning with a detailed explaination of how those steps
can be implemented.
Feel free to have FUN with this activity: Some ideas for
your skit could include
A commercial for people who have struggled with financial
planning in the past
A talk show where someone is being confronted about
their poor financial management skills
A News report or interview with a financial expert about
the importance of financial planning
13. Homework
Practice skits, write out scripts or
bring props to present next class
Read chapter 1.1-take reading notes
and ACE vocabulary
14. Vocabulary Quiz
Using the ACE system define the following words:
Personal Financial Planning
Goals:
Values:
Opportunity Cost:
16. Types of Financial Goals
Two factors will influence
your planning for financial
goals. These factors are:
1) The time frame in
which you would like to
achieve your goals.
2) The type of financial
need that inspires your
goals.
17. Time Frame of Goals
Goals can be defined by the time it takes to achieve
them:
Short-term goals take one year or less to
achieve (such as saving to buy a computer).
Intermediate goals take two to five years to
achieve (such as saving for a down payment on
a house).
Long-term goals take more than five years to
achieve (such as planning for retirement).
Start with short-term goals that may lead to long-
term ones.
18. Goals for Different Needs
Services and goods are two different categories of
financial needs. A haircut is an example of a service,
while a new car is a good.
How you establish and reach your financial goals will
depend on whether a goal involves the need for:
Consumable goods (such as a soda)
Durable goods (such as a car)
Intangible items (such as an education)
19. Guidelines for Setting Goals
When setting your financial goals, follow these
guidelines:
Your financial goals should be realistic.
Your financial goals should be specific.
Your financial goals should have a clear time
frame.
Your financial goals should help you decide
what type of action to take.
Your financial goals will change as you go through
life.
20. Notebook Activity
In your notebook, use the information
we’ve learned today about goal setting
to set 4 financial goals for yourself
2 should be short term goals and 2
should be long term goals.
Talk with the person next you about the
goals you have set for yourself and
come up with a short plan of how to
acheieve these goals
21. Adding Personal Financial
Goals to your Skit
Now that you have a skit that outlines the importance
of financial planning, find a way to implement today’s
lesson on Personal Financial Goals.
It doesn’t need to be long and drawn out, just be sure
to find a way to mention it in your skit
Performances will begin in 20 minutes
With your skit you must turn in:
A script or storyboard outlining the major points and
events that the skit will cover
22. Homework:
Come up with a common financial
problem that teens today face. Turn
this financial problem into a letter
to an advice columnist asking for
help.
Tomorrow we will play the role of
advice columnists and try to answer
each other’s financial problems
with the information we have
received in class
23. Do Now
1) Name 2 or 3 financial problems
that teenagers face?
2) Name 2 or 3 financial problems
that adults face?
3) How do these problems differ?
How are they the same?
24. What Influences my
Financial Decisions?
Many factors will influence
your day-to-day decisions
about finances.
The three most important
factors are:
Life situations
Personal values
Economic factors
25. Life Situations and Personal
Values
Your financial planning will be affected by changes in
your life situation, such as:
Going to college
Starting a new career
Getting married
Having children
Moving to a new city
Your personal values also influence your financial
decisions.
26. Economic Factors
Economic factors across the country
and around the world play a role in
day-to-day financial planning and
decision making for most people.
To understand economics and the
economy, you need to be aware of:
Market forces
Financial institutions
Global influences
Economic conditions
27. Market Forces
The forces of supply and
demand determine the prices
of products, or goods and
services, you purchase.
When there is a high demand
for an item, or when a
company cannot manufacture
enough of a certain product to
keep up with the demand, the
price of the product rises.
28. Financial Institutions
Most people do business with financial
institutions, which include:
Banks
Credit unions
Savings and loan associations
Insurance companies
Investment companies
Financial institutions provide services
that increase financial activity in the
economy.
29. The Federal Reserve System
The Federal Reserve System’s primary role in the
U.S. economy is the regulation of the money
supply. The Fed controls the money supply by:
Determining interest rates
Buying or selling government securities
Its decisions affect:
The interest rate you earn on your savings
The interest rate you pay when you borrow
money
The prices of the products you buy
30. Global Influences
You and the money you spend are part of the
global marketplace, which is another
economic factor that can affect financial
planning.
The economy of every nation is affected by
competition with other nations. When more
money is leaving the U.S. than entering it, for
example:
Less money is available for spending
and investing.
Interest rates may rise.
These global influences also affect personal
financial decisions.
31. Economic Conditions
Current economic
conditions also affect
your personal financial
decisions. The three
important economic
conditions are:
Consumer prices
Consumer
spending
Interest rates
32. Consumer Prices
Over time the prices of most products
inflate.
The main cause of inflation is an increase
in demand without an increase in supply.
For example, prices will rise if:
People have more money to spend
because of pay increases or
borrowing.
The same amounts of goods and
services are available.
The inflation rate affects consumer prices
and varies from year to year.
33. Interest Rates
Interest rates represent the cost of
money and are also influenced by
supply and demand.
Interest rates will affect your financial
planning as you:
Save
Invest
Obtain loans
Interest rates are just one facet of the
economic factors that influence your
personal financial planning.
35. Activity: Supply and Demand
Article Review
To help you get a better understanding of how supply and demand
influences consumerism, you will read a variety of current events
articles.
You have been handed a set of articles: Section A or Section B. Using the
articles, read through them critically and complete the graphic
organizer. You will need to be able to identify the
A) Market
B) Cause of change in supply/demand
C) Demand (Did it increase, decrease or stay the same)
D) Supply (Did it increase, decrease or stay the same?)
E) Solution: How could you fix the supply or demand issue?
36. Activity: Jigsaw Supply and
Demand Activity
Find 3 other people who had a different article from
you and have them explain to you how their article
dealt with supply and demand.
For each article you need to identify the following:
Market
What is being supplied/demanded?
How are the supply/demand issues being dealt with?
Is there a better way to handle the supply and demand
issues? If so, explain.
37. Homework
Read chapter 1.2 Opportunity Costs
and Financial Strategies
ACE Vocabulary Chapter 1.2 (Time
value of money, principal, future
value, annuity, present value)
Vocabulary Quiz next class 8/31
Bring Crayons/Markers or colored
pencils next class!!!
38. Do Now: Vocabulary Quiz
Using the ACE vocabulary strategy, define the following
terms
Principal:
Future Value:
Present Value:
39. Personal and Financial
Opportunity Costs
Whenever you make a choice, you
have to give up, or trade off, some of
your other options.
When making your financial decisions
and plans, you will need to carefully
consider:
Personal opportunity costs
Financial opportunity costs
40. Personal Opportunity Costs
Like financial resources, your personal
resources require management. These
resources include:
Health
Knowledge
Skills
Time
You have to decide how to use your time to
meet your needs, to achieve your goals,
and to satisfy your values.
41. Financial Opportunity Costs
You also must make choices about how you spend
money.
To help make choices, consider the time value of
money every time you:
Spend
Save
Invest
Think about the time value of this money as an
opportunity cost.
42. Opportunity Cost Cartoon
Activity
Your job is to design a cartoon that clearly illustrates your
understanding of the concept “Opportunity Cost”. Cartoon may
be done in the style of a comic strip (Several slides) or in the
style of a political cartoon (one large picture)
Project should include the following:
___ Large, clear and colorful title (5 points)
___ Clear depiction of an opportunity cost through pictures and/or
dialogue ( 20 points)
___ Colorful, creative visual
___ Neat and organized
___ Demonstrates understanding of the topic
____Short explanation of your cartoon on back in paragraph form (10
points)
44. Homework
Financial Portfolio Project: Due September
8th
Read Article: “Opportunity Cost at the
Olympics” and take notes in your notebook.
Be prepared for a reading quiz over the
material
Notebook check September 8th. Please be
sure your TOC and notebook are up to date
with all assignments
45. Questions You Will Answer:
What are the five steps in the
personal financial process?
How do you set “SMART” goals?
How do your choices affect your
money?
How can money help you live a
satisfying life?
46. Quotes to Consider
“Most people don’t plan to fail. They simply fail to plan.”
“If you don’t know where you are going, any road will take
you there.”
47. Can You Believe…
Only ___% of teenagers
have ever made a written
plan for their money.
In a national survey, ___% of
teenagers thought earnings
from a savings account
might not be taxed.
48. Can You Believe…
___% of teenagers surveyed
thought you had no
responsibility at all to repay
fraudulent charges on a credit
card.
___% of teenagers surveyed said
they put some money in savings
when they receive an allowance
or earn some money.
49. Can You Believe…
___% of teenagers are likely
to go to their parents for
financial information.
___% of teenagers consider
themselves to be spenders
rather than savers.
54. SMART Goals Timelines
Short Term
Up to three months
Intermediate Term
Three months to one year
Long Term
Longer than one year
DELAYED GRATIFICATION
55. Assignment 1.3
My SMART Goals
Page 7
Save $25 so
I can take
my friend
out for
pizza.
1st of next
month
Short term $25.00 $7.50
$25.00 $7.50
60. Three Rs of Money
Reality
Responsibility
Restraint
61. Monitor and Modify
Are your existing goals still worth doing?
Is there a new goal to add to your list?
Is there an existing goal you want to drop or change?
62. ACTION STEPS
Page 14
Write down two BIG GOALS
Write the first and second step for each goal
63. Questions To Answer:
What are the five steps in the
personal financial process?
How do you set “SMART” goals?
How do your choices affect your
money?
How can money help you live a
satisfying life?