https://padlet.com/jake_brown2/i4aa02clenz4 By: Jacob Brown and Alex Houde en-us 2017-03-31 23:01:50 UTC 2025-10-03 15:14:34 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Folder.png jake_brown2 https://padlet.com/jake_brown2/i4aa02clenz4/wish/164075568 Thank you for taking the time to view our Padlet wall. This wall is about financial planning, and the importance of having a "safety net. A "safety net" is a set of funds you should have for an emergency or rainy day, for example an emergency could be possibly getting laid of at work, the safety net would help you financially while you look for another job. This wall will also go into how saving and budgeting are necassary components of the plan. Saving and budgeting are very important because they will help you achieve the financial goal that you are striving for. Hope you enjoy!]]> 2017-03-31 23:14:40 UTC https://padlet.com/jake_brown2/i4aa02clenz4/wish/164075568 jake_brown2 https://padlet.com/jake_brown2/i4aa02clenz4/wish/164076303
In this video, she describes creating a financial plan, which the first step would be creating a budget, looking at your income compared to expenses, to find out your net income. This video is very important because it is a stepping stone towards your financial goals (ie Safety Net). The information we found useful was that when you create a budget, you can use that as a guide to figure out your long, medium or short term goals.]]> 2017-03-31 23:31:42 UTC https://padlet.com/jake_brown2/i4aa02clenz4/wish/164076303 jake_brown2 https://padlet.com/jake_brown2/i4aa02clenz4/wish/164076533
In this video, it teaches you the importance of financial planning, what is financial planning, and the procces. Finacial planning creates a picture of what your current situation is, and where you want to be either in 1 year, 5 years, 10 years etc, but also creates a map to get to where you want to be. in this video we learned that there are four categories you must evalute during financial planning, They are documents, savings, protection, and long term.]]> 2017-03-31 23:39:41 UTC https://padlet.com/jake_brown2/i4aa02clenz4/wish/164076533 jake_brown2 https://padlet.com/jake_brown2/i4aa02clenz4/wish/164077118
In this video it shows you the importance of creating a household budget. Once this couple started to have kids, they couldnt handle the amount of expenses they had to pay, especially off one income, so they decided to create a household budget that helped them get back on there feet and not rely on credit as much. What we learned from this video was the importance of knowing your net income, and to create a budget to guide you.]]> 2017-03-31 23:54:34 UTC https://padlet.com/jake_brown2/i4aa02clenz4/wish/164077118 jake_brown2 https://padlet.com/jake_brown2/i4aa02clenz4/wish/164077517 This website includes a summary of what a budget is and why it is important, it also shows you how to create and monitor your personal budget. This link is relevent because it is very important to create a budget to monitor your expenses and perhaps create more savings and a safety net. We learned that a budget can help locate those expenses that you can cut out from your lifestyle (ie. eating out alot). ]]> 2017-04-01 00:09:45 UTC https://padlet.com/jake_brown2/i4aa02clenz4/wish/164077517 jake_brown2 https://padlet.com/jake_brown2/i4aa02clenz4/wish/164077606 Me and Alex both agree this website is very important because it explains what budgeting can do for you, it can help you gain control of your money instead of being blind. It also allows you to save for emergencys in the future, but most importantly helps you organize your savings. This is important because it lets you see if your able to pay off liabilites (leasing a car, or mortgage on a house). We learned that no matter where you are financially, you can always improve and take control of your money.

]]> 2017-04-01 00:14:43 UTC https://padlet.com/jake_brown2/i4aa02clenz4/wish/164077606 jake_brown2 https://padlet.com/jake_brown2/i4aa02clenz4/wish/164078185 In this website it explains that savings can be valuable in many ways, one of them is being able to relax. Relax as in not having to worry about paying off the debt you may have. Another one is having extra money that you could use to make more money! Sounds complicated, but it’s easier than you think, putting your savings into a high interest account or a mutual fund or even investing into stocks (more risky). You could possibly make profit off doing nothing. We learned that it is important that you just don’t let your money sit there, put it to work for you!

]]> 2017-04-01 00:38:38 UTC https://padlet.com/jake_brown2/i4aa02clenz4/wish/164078185 jake_brown2 https://padlet.com/jake_brown2/i4aa02clenz4/wish/164078832 To Alex and I we believe that it doesn't matter how much you save as long as you try. If you can only afford to save 5$ a months, it will eventually add up, it's better than 0$ a month.]]> 2017-04-01 01:02:33 UTC https://padlet.com/jake_brown2/i4aa02clenz4/wish/164078832 jake_brown2 https://padlet.com/jake_brown2/i4aa02clenz4/wish/164079248 When it comes to retirement, savings, emergency funds, safety nets, and a will, it is always important that you determine a budget and map out your future, you will be thankful in the long run.]]> 2017-04-01 01:14:18 UTC https://padlet.com/jake_brown2/i4aa02clenz4/wish/164079248 jake_brown2 https://padlet.com/jake_brown2/i4aa02clenz4/wish/164079341 If you don't know how to make a budget or plan ahead, you may always seek professional help, they will do there best to help you out!]]> 2017-04-01 01:18:12 UTC https://padlet.com/jake_brown2/i4aa02clenz4/wish/164079341 jake_brown2 https://padlet.com/jake_brown2/i4aa02clenz4/wish/164211780 2017-04-03 00:54:07 UTC https://padlet.com/jake_brown2/i4aa02clenz4/wish/164211780 jake_brown2 https://padlet.com/jake_brown2/i4aa02clenz4/wish/164212753 2017-04-03 01:05:14 UTC https://padlet.com/jake_brown2/i4aa02clenz4/wish/164212753 jake_brown2 https://padlet.com/jake_brown2/i4aa02clenz4/wish/164212975 2017-04-03 01:07:59 UTC https://padlet.com/jake_brown2/i4aa02clenz4/wish/164212975 jake_brown2 https://padlet.com/jake_brown2/i4aa02clenz4/wish/164213094 2017-04-03 01:09:41 UTC https://padlet.com/jake_brown2/i4aa02clenz4/wish/164213094 jake_brown2 https://padlet.com/jake_brown2/i4aa02clenz4/wish/164213154 2017-04-03 01:10:26 UTC https://padlet.com/jake_brown2/i4aa02clenz4/wish/164213154