financial literacy question 14

Need 400 words

Option 1:

Visit one of the following web pages Calculators-Your Life, Your Money (Links to an external site.)Links to an external site. or Financial Calculators (Links to an external site.)Links to an external site.. Select one financial calculator that interests you.

• Discuss one generalized financial goal for yourself and your family.
• Identify one financial calculator you could use to reach this goal.
• From Module 10.1 Strategies for Success: Tips for Saving from your course textbook, select one tip and explain how it will help you reach this financial goal.

Option 2:

Consider the following scenario:

Your good friend Kyle would like to go back to school to complete a bachelor’s degree in Early Childhood Education so that he can fulfill his dreams of teaching 2nd grade. Years ago, he started college, but work and life responsibilities got in the way of him finishing. He knows that you recently enrolled at Ashford University and wants to ask your advice as he plans his next move. In order to help pay for his tuition, he plans to borrow student loans. Kyle tells you that he wants to borrow the maximum amount of available loan money to buy his kids new shoes and go on a vacation to Hawaii.

Based on the scenario above, address each of the following:

• Identify at least two pieces of useful information about student loans that Kyle should know to ensure he borrows responsibly. Review the Student Aid (Links to an external site.)Links to an external site. website for suggestions.
• Describe a potential repercussion of borrowing the maximum amount of available loan money.
• From Module 10.1 Strategies for Success: Tips for Saving of your course textbook, select one tip that you would suggest for Kyle to use to help him reach his financial goal of going on a vacation to Hawaii.