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Fin 235 Reflection Paper

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Paper #1- FIN 235 In May I will be graduating from UNCW. I constantly ask myself what will happen after

the fact? Money and finances have always been a source of stress for me and it will probably

increase when I enter the “real world”. Taking this Personal Finance class per my mother’s

request has opened my eyes to many financial issues. I have learned, most importantly that

planning is an important aspect to having effective skills in finance. Planning, is not only

important for the immediate future, but having an outlook on future expenses and problems.

How I handle my finances in the near future will most certainly shape how things will fall

in the future. Once graduation occurs and I return from vacation I plan on moving …show more content…
The monthly rent payment and possibly the accompanying utilities payments will most

certainly be the biggest adjustment. After I take out the ten to fifteen percent of my paycheck

from my job for my savings account, the rent will be the biggest deduction. I will focus on these

two items for three to four years as it was recommended in FIN 235 to live as we are still in

college for that period of time.

I want to set aside, in small increments an “entertainment” fund, so I can go to the

movies or go out with my friends, but more reasonably. I could not feasibly go downtown every

weekend or go to the movies twice a week. Once I get a substantial amount of money I would

like to invest it, so I will have some money stored away. I would want to have some advising

towards this matter, so my investment will be as safe and secure as it can be. I also want to

follow the advice that was given in FIN 235 and not focus on primary income, but have equal

amounts of primary and secondary income. Since my hobbies are painting and drawing, I could

sell some of my artwork on the side. I could also tutor students in history or literature, my

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