Planning for your financial security

Planning for your financial security is important at any age. It is never too early or too late to start saving for your retirement, children’s college education, or that vacation home you have always wanted to own.

This course gave you an overview of what personal financial planning is all about. You learned about the different steps needed to complete your own financial plan. With this information, you were able to look at your finances and better prepare for your future.

During each unit of this course you completed worksheets to assess your financial stability. All of these worksheets are parts of your financial plan. Now that you have completed all the worksheets, you will write up a summary and assess how well your financial plan has helped you make plans for your future.

Worksheets to be included: Units 1, 2, and 3

Daily Spending Log: For the first three units you tracked your daily spending. By tracking your daily expenditures, you will see how wisely you are spending your money, and the areas where it is not so wise.

Unit 1

  1. Daily Spending Log
  1. Personal Financial Goals

Unit 2

1.1 Daily Spending Log

  • Balance Sheet
  • Income and Expense Statement

Unit 4

  • Home Affordability Analysis
  •  Mortgage Refinance Analysis

Unit 5

  • How’s My Credit?
  • Tracking Your Consumer Debt

Unit 6

6.1 Life Insurance Needs Analysis

Unit 7

7.1 Stock Tracker (weekly)

Unit 8

  • Retirement Needs Analysis


Once you have completed all the worksheets and looked at your financial plan, it is time to evaluate your information. You will write a 3–5-page summary of your findings. Please make sure you cover the following topics:

  • Have you been successful in setting up your plan?
    • Has there been a change in your financial outlook for the future?
    • Have you found areas of your spending or saving which does not work for you or is not beneficial to your financial success?
    • Tell me about this experience and how it has helped you to think more about your current and future money habits.
    • Explain any other information which has helped you understand the process better than you had known.

Written paper requirements:

  • Paper is to be a minimum of 3 pages, no more than 5 pages.
    • Double-spaced.
    • Proper APA 7th edition formatting.
    • Please pay close attention to your punctuation, grammar, and sentence structure.
    • Reference and cite any information used in APA 7th edition format.
    • Include all worksheets.

Directions on Submitting Your Assignment:

Submit the following by Tuesday, 11:59 p.m. ET of Unit 9:

  • The completed MT104 Financial Plan Workbook.xlsx
    • A 3–5-page summary of your findings in a Microsoft® Word® document

MT104 Unit 9 Final Assignment Grading Rubric:

Unit 9 Final Criteria: Points Possible: 100Points Earned:
Content (50 points)  
Submit a fully completed Financial Plan Workbook.5 
Provided relevant comments about the success of setting up a personal financial plan.9 
Included a comprehensive discussion of future financial outlook.9 
Identified and discussed areas in which personal financial success was hindered due to spending or saving practices.9 
Provided a comprehensive discussion and summary about this experience and how it has aided in thinking about present and future money habits.9 
Provided an explanation about information gained and how it helped them to understand the process of personal financial planning better compared to what they previously knew.  9 
Analysis (30 points)  
Work demonstrates synthesis of concepts, research, and experience.  10 
Work demonstrates the student’s ability to tie relevant information to real life applications.10 
Analysis exceeds basic comprehension to demonstrate higher order thinking.10 
  Writing (20 points)  
Sentences are clear, concise, and direct; tone is appropriate.5 
Spelling, grammar, and punctuation are correct. APA formatting follows 7th edition APA guidelines.5 
Submission is 3–5 pages in length.5 
Sources are provided both in-text and on a reference page.5 

MT104: Privacy Statement

One purpose of this course is to enable you to create your own personal financial plan. Any and all information you submit will be kept in the strictest confidence. The information will not be used for anything but grading purposes and no files with your personal information will be kept. If you are not comfortable using your current personal financial information, you can use projections of how you want your finances to look after graduation or use a multiplier to adjust the numbers.

The main tool this week is Material Requirements Planning (MRP).

1.      PIMS, Inc., has been manufacturing plumbing equipment since 1999. Because of the depressed economic conditions, component parts are assembled in batch runs. At any given time, each level of production has several partially assembled components. Given the following assembly and inventory information, construct a product structure diagram for the oil leak valve, and plan the order releases necessary to assemble 400 oil leak valves for period 10.

Description of the Production Process

Production of the valve begins with the base. The base is placed and secured in a housing. Ball bearings are then installed on opposing sides of the base housing. The rear base cover is fitted on and held while the front cover is secured with U-bolts. Next, the anchor assembly is connected. Finally, two sets of brackets are screwed on and the oil leak valve is checked before shipping.

Assume the use of the multiple of fixed lot sizes technique.

Product structure diagram for the oil leak valve

   Oil Leak Valve L=1 (1)   
 Brackets L=1 (2) Shield Valve L=1(1) 
   Anchor assembly L=3(1)  Sealing Valve L=1(1)
Rear cover L=2(1) Capping Valve L=1(1) Ubolts L=3(1) Front cover L=2(1)
Ball bearing L=3(2)  Back flush Valve L=1(1)  
   Base L=3(1)  Base housing L=4
  • First, refer to the diagram of the B.O.M. for this product above and component information here  SCM 630 Week 1 HW Alternate Data Set.xlsx  and below.
  • Then, using this Excel sheet  MRP Assignment Week 1.xlsx , complete the MRP record for the Oil Leak valve and all subcomponents. You will need a table for each part.
  • Next, consider and explain the managerial options for the next six months for short-range capacity planning for Oil Leak valve assemblies as discussed in Ch. 9. 
    • Explain what you did in this assignment with regards to MRP and Capacity Planning as if you were describing the concepts to someone unfamiliar with Operations and Supply Chain Planning.
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