Green

Dexter Green Jr.

ACF 150

Professor Disbrow

December 16, 2019

Accounting Personal Finance Course Analysis

After completing my course, there are numerous things I will have learnt from the accounting personal finance course, which will be useful after graduation. There are different topics that we will tackle through the 14 weeks, which will be useful, both in private and corporate responsibilities. Below I will outline how the different topics will be helpful to me after graduating.

Financial planning and budgeting

The course topic entails issues related to planning and budgeting. In the recent times, there have been issues where people are not able to plan their financial behaviors, which sees most people fail. In their spending, people barely have a budget on how well they would want to spend their money. One goes spending without having a budget, which sees them fail through when it comes to financial status. The course topic will therefore be important to me, as it will help manage the financial behaviors and spending habits. Budgeting is very crucial as it helps one save and avoid excessive spending. When it comes to financial behaviors, many people are not aware of what they should do. They barely have a budget, which means they are only using the money because they have it. The course will help me to define how well spending should be done and what priorities one should have. After graduation, I am sure there will be numerous things I will require to do. The finances may not be a lot and therefore I will have to come up with a spending plan, known what priorities to have and therefore create a better and effective spending habit. I am looking forward to starting a business after school as compared to applying for a job somewhere. That means I will have to deal with the capital I acquire the best way possible. The course will therefore help me decide on the best ways to use the money, acquire everything I need and manage my budget so as to success. Most people fail because they do not have well outlined goals, which will be an issue I will consider. I will also be able to manage the budget I have after clearly outlining the said goals.

Financial impact of career planning

Though I would wish to create my own business as compared to seeking for employment elsewhere, there are issues I will learn and hope to know when handling my career as an entrepreneur. One of the topics in the above course is how career planning will impact my financial future, which means savings and investment matters. There are numerous things I will learn like how well to manage the current resources for a better future. Many people are tempted to spend a lot since they have it in the present not knowing what the future holds. The topic will therefore give me an insight on how well I should spend my money and what challenges I may meet on the way. I will also be learning about career planning and what college has got to do with it. There is also the issue of the job of getting a job, which includes me trying to come up with a successful business. Most people after college are not sure of what to do which means tarmacking looking for a job. With the above topic, it open up once mind on how best to approach such an exercise to avoid depression and giving up. In the current world, youths are very delicate as they are giving up so fast. However, with such knowledge one will be able to define how well to handle certain situations and who to approach in case of a problem occurring.

Managing your finances

Saving is an important factor in everyone’s life. In the current world, people are losing a lot since they are spending more than they are saving. The topic on managing your finances will help me come up with better strategies to save for a better future. There are different schemes that are available and which helps one to save. There are those without charges and will earn one some interest after a certain period. There is also the issue of long and short-term saving which will all be useful when operating my business or even in the corporate world. Its all about learning how well to manage the current finances for the future. I will also learn about financial services and banking and the best ways to do that. Banking is not only about depositing a certain amount and leaving it for the bank to manage for you. Its all about learning how best to use whatever one has deposited and choosing the best account for your money. This will help me as I try to come up with a business account and which will not disturb me in any way.

Managing debt

When operating any business, there are issues of debt. It does not mean that the business will always operate on debts but knowing how such issues are handled is important. The topic gives knowledge on the different types of debts and what impact they will have on the business. I will also encounter areas where I borrow money from people or lend others. Good and bad debt will help in planning the business operations financially and therefore avoid uncertainties. Managing debt will be an important aspect, as it will give me an insight on what strategy I should use to ensure I give the best to my business.

Spending your money wisely

One of the important topic that everyone should learn is on the best ways to spend their money. After graduating, I will have to learn better ways of spending my money when necessary. As a student, I had challenges on how well I should spend my money, as I was sure my parents cater for everything. After joining the corporate world, I will have to sort my bills and invest in other business opportunities. I will have the chance to learn about consumer spending and protection which is a strategy to know how well to treat customers in terms of promotion and gifts. The knowledge will therefore be of importance to me, as I will meet all the necessary qualifications to operate in a corporate world.

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