Specifically address the following requiredelements: 1. Use working knowledge of personal finance to construct a financial planconsidering life-stage adjustments. 2.Use technology to help establish...

1. Use working knowledge of personal finance to construct a financial plan considering life-
stage adjustments.
I am currently working as a manager strategy in an Investment bank with annual income of
$180000 with 0 to 3 percent growth in salary. Currently, my expenditure is just $3000/ Month
and I can easily save $12000 per month. My planning is to work till 65. I have the following plan
in my mind:-
1) Planning to save $50,000 per month for my children education after 6 years from now
2) Planning to expend $30,000 per year on travelling and vacation after retirement
3) Other expense will be $4500 per month after 65 years of age
Following are my financial planning:-
1) Salary contribution of $9500 to super annuation fund.
2) Investment of $200000 in home after my MBA
3) $ 50,000 in short term equity market
4) $24000 growth in income fund
5) $ 6000 per year for investment in life insurance policy.
2. Use technology to help establish a personal financial plan (describe what you used, why and
how helpful it was, importance of protecting personal financial information).
Lot of financial calculator are used to calculate the equity value...