Premium Essay

Setting the Short-Term and Long-Term Goals for Newlyweds

In: Business and Management

Submitted By meladams
Words 634
Pages 3
Setting the Short-term and Long-term Goals for Newlyweds

It is important for the newlyweds to have a financial plans set up as it helps them have a focus in life and have a reason for saving money. The short-term goals would involve things that would not require a lot of money and thus would be achieved in a short time. The long-term goals on the other hand would entail things that require a lot of money to accomplish and thereby take more time to complete (McKeown, 2012).

Short-term Goals

The first short term goal that I would advise the couple to set is improving the outlook of their house. This would include buying equipment that they do not have but they need them. These items include things such as furniture and electrical appliances. They would do a research on the prices of the gadgets in the market and thereby be able to note the specific target in terms of money. They would then set the amount that they should save monthly towards the furniture and electrical appliances (Hallman & Rosenbloom, 2003).

The couple should also target at clearing all their financial debts. They should set aside a specific sum of money monthly to pay these debts. After clearing their debts they should then save up money, which they can use, in case they face a financial problem. This would help them avoid getting into debts in the future (Hallman & Rosenbloom, 2003).

They should also save for their annual vacation. This should be done throughout the years since each year they will be saving for that year’s vacation. Each month therefore after deciding the place they will go for vacation and the length of time, they will then do a research on the costs they will incur and divide it amongst the 12 months in order to have a clear figure of the amount they will need to save monthly (Hallman & Rosenbloom, 2003).

Furniture1. 4 Dining chairs - save $100 monthly...

Similar Documents

Free Essay

Goals and Happiness

...Goals and Happiness What makes you happier than anything else you do? Where does real contentment come from? If you understand and apply the following definition of happiness, you also open the door to unlimited success for yourself, your family and your group. "Happiness could be defined as the emotion of progress toward desirable goals. There is an instant of contemplation of the last goal in which one is content. But contentment becomes boredom immediately when new goals do not come to view. There is no more unhappy thing than a man who has accomplished all his ends in life." — L. Ron Hubbard Examine how three facts, from this definition of happiness, make happiness come and go in your life. 1. "There is an instant of contemplation of the last goal in which one is content." Think of goals you have reached in the past. Remember how you felt on your wedding day or when you graduated from school or a training course? In each case, you achieved a goal! Remember those times when you were content with life? Maybe when you started a business or landed a great job? When you paid off your debts? At every point in your life when you felt content or happy, you can probably find you were either making progress toward a goal or had reached a goal 2. "But contentment becomes boredom immediately when new goals do not come to view." Without a new goal, you get bored. Boredom leads to stress and misery. For example, planning a vacation is exciting. But toward the end......

Words: 1618 - Pages: 7

Premium Essay

Ien2 Summary

...Page 1 of 20 IEN Exam 2 Table of contents: IEN :    International entry Strategies ERP Risk management Page 2. LAW:    CISG 3 IPL Problems INCOTERMS 2000 Page 7. Marketing 4:    Perception, Motivation and learning Attitudes, personality and lifestyle Group influence and opinion leadership Page 10. Simon Roland Hermans Page 2 of 20 International entry strategies Market entry strategy chapter 9 Hollensen Types of entry modes are:    Export Intermediate Hierarchical Rules for selection:    Naïve rule Pragmatic rule Strategy rule Factors that affect foreign market entries:     Internal factors Desired mode characteristics Transaction specific factors External factors Internal factors are:    Product Experience Size Desired mode characteristics:    Risk averse Control Flexibility Transaction specific factors affecting:   Tacit nature of know how Opportunistic behavior vs transaction costs External factors influencing the strategy are:    Sociocultural distance Country risk/demand uncertainty Market size /growth Simon Roland Hermans Page 3 of 20    Direct/indirect trade barriers and regulations Intensity of competition Number of intermediaries Major types of exporting:    Indirect export Direct export Cooperative export Indirect export modes:   Sale is like a domestic Most appropriate for firms with limited expansion objectives Indirect entry mode:     Export buying agent......

Words: 2255 - Pages: 10

Premium Essay

The Master, Freuds Id, Ego and Superego

...Paul Thomas Anderson’s latest film The Master, set in 1950, examines dueling forces of the human psyche. The three main characters can be viewed metaphorically in terms of Freud’s id, ego and super ego. Anderson’s new film is a beautiful character study examining the inner workings of human psychology. Freddy Quell is an immature, alcoholic, hypersexual, violent WWII veteran, possesses no self-control, impulsively chasing his cravings His behavior exactly fits of Freud’s id. His primitive qualities resound further in his hunched posture, which resembles an earlier stage of Human evolution. Lancaster Dodd, a writer, scientist and philosopher and founder and self appointed ‘Master’ of The Cause, a cult seeking to raise humans to a state of perfection. Lancaster facilitates this progression through a process of hypnosis which allows individuals to access distant memories of past lives stretching back trillions of years through time holes, providing a deeper, purer sense of self; Lancaster even claims these applications can cure certain types of leukemia. After losing a series of jobs and on the run from a group of farmers, Freddy, in a drunken stupor stumbles unnoticed aboard a docked ship, occupied by Lancaster Dodd and his entourage, just prior to casting off for sea. Freddy awakes unaware of his surroundings and unable to recall the events of the previous night. Hung over, he meets with Lancaster, who is more curious than upset about Freddy’s aggressive, disruptive,......

Words: 1851 - Pages: 8

Premium Essay


...XXX10.1177/1529100612436522Finkel et al.Online Dating 2012 Research Article Online Dating: A Critical Analysis From the Perspective of Psychological Science Psychological Science in the Public Interest 13(1) 3–66 © The Author(s) 2012 Reprints and permission: DOI: 10.1177/1529100612436522 Eli J. Finkel1, Paul W. Eastwick2, Benjamin R. Karney3, Harry T. Reis4, and Susan Sprecher5 1 Northwestern University; 2Texas A&M University; 3University of California, Los Angeles; University of Rochester; and 5Illinois State University 4 Summary Online dating sites frequently claim that they have fundamentally altered the dating landscape for the better. This article employs psychological science to examine (a) whether online dating is fundamentally different from conventional offline dating and (b) whether online dating promotes better romantic outcomes than conventional offline dating. The answer to the first question (uniqueness) is yes, and the answer to the second question (superiority) is yes and no. To understand how online dating fundamentally differs from conventional offline dating and the circumstances under which online dating promotes better romantic outcomes than conventional offline dating, we consider the three major services online dating sites offer: access, communication, and matching. Access refers to users’ exposure to and opportunity to evaluate potential......

Words: 59050 - Pages: 237

Premium Essay


...REGULATION FOR CONSERVATIVES: BEHAVIORAL ECONOMICS AND THE CASE FOR “ASYMMETRIC PATERNALISM” COLIN CAMERER, SAMUEL ISSACHAROFF, GEORGE LOEWENSTEIN, † TED O’DONOGHUE, AND MATTHEW RABIN INTRODUCTION Regulation by the state can take a variety of forms. Some regulations are aimed entirely at redistribution, such as when we tax the rich and give to the poor. Other regulations seek to counteract externalities by restricting behavior in a way that imposes harm on an individual basis but yields net societal benefits. A good example is taxation to fund public goods such as roads. In such situations, an individual would be better off if she alone were exempt from the tax; she benefits when everyone (including herself) must pay the tax. In this paper, we are concerned with a third form of regulation: paternalistic regulations that are designed to help on an individual basis. Paternalism treads on consumer sovereignty by forcing, or preventing, choices for the individual’s own good, much as when parents limit their child’s freedom to skip school or eat candy for dinner. Recent research in behavioral economics has identified a variety of decision-making errors that may expand the scope of paternalistic regula- Professor Camerer is the Rea and Lela Axline Professor of Business Economics, California Institute of Technology; Professor Issacharoff is the Harold R. Medina Professor of Procedural Jurisprudence, Columbia Law School; Professor Loewenstein is a Professor of Economics and......

Words: 19930 - Pages: 80

Premium Essay

Family Planning

...Bicol University College of Social Sciences and Philosophy Daraga, Albay Philippines: It’s Cultural Elements Prepared by: Christian M. Baleta Lyka A. Madrid Jhomarisse Mijares AB English 4-A A. Introduction Official Flag Comprehensive Maps (Philippines at Day, Night and Political maps) FACT FILE ABOUT THE PHILIPPINES | OFFICIAL NAME | Republic of the Philippines | FORM OF GOVERNMENT | Republic with two legislative bodies (Senate and House of Representatives) | CAPITAL | Manila | AREA | 300, 000 (115, 830 sq.miles) | TIME ZONE | GMT + 8 hours | POPULATION | 92,681,453 (2008 estimate) | POPULATION DENSITY | 264.5 per (685 per sq.mile) | LIFE EXPECTANCY | 70.8 years (2008 estimate) | OFFICIAL LANGUAGES | Filipino, English | OTHER LANGUAGES | About 87 indigenous languages | LITERACY RATE | Total 96.3 percent (2005 estimate) Female 96.2 percent (2005 estimate)Male 96.3 percent (2005 estimate) | RELIGIONS | Roman Catholic (83%), Protestant (9%), Muslim (3%), Buddhist and Other (3%) | ETHNIC GROUPS | Malay (95.5%), Chinese (1.5%), Other (3%) | CURRENCY | Philippine Peso | ECONOMY | Services (48%), Agriculture (42%), Industry (10%) | GNP Per Capita | US$1,050 | GROSS DOMESTIC PRODUCT (GDP in U.S.$) | $117.6 billion (2006) | CLIMATE | Tropical with wet season June to November | HIGHEST POINT | Mount Apo (2, 954 m, 9, 692 feet) | LARGEST CITIES (BY POPULATION) | Quezon City 2,390,688 (2005......

Words: 10682 - Pages: 43

Premium Essay


... C E N T E R F O R C R E AT I V E L E A D E R S H I P The Role of Power in Effective Leadership CONTENTS Executive Summary Background Power and Leadership Sources of Power The Power of Relationships The Power of Information Understanding the Organization’s Role How Leaders Leverage Power Effectively Reflection Questions Resources References About the Authors 4 5 6 8 12 14 15 17 19 19 19 20 Center for Creative Leadership, CCL®, and its logo are registered trademarks owned by the Center for Creative Leadership. © 2008 Center for Creative Leadership. All rights reserved. The Role of Power in Effective Leadership EXECUTIVE SUMMARY The Ideas2Action (I2A) project is a Center for Creative Leadership (CCL®) initiative aimed at achieving its goal of “ideas into action.” The purpose of the project is to provide our participants and clients with research that is timely and relevant to current challenges. The research questions are also designed to aid in continuously updating CCL program content and providing knowledge that is compelling to our participant groups. The purpose of this research is to understand how leaders use power, to learn about the situations in which power is exerted and to describe how individuals and organizations can improve their leadership through the effective use of power. The major findings of this research included: 1. Most leaders surveyed (94 percent) rated themselves as being moderately to extremely powerful at work. There is a notable correlation......

Words: 6124 - Pages: 25

Free Essay

How Did Cliff Take Advantage of Principles of Operant Conditioning to Modify His Staff’s Behavior?

...5 learning 160 chapter chapter outline A Four-Legged Co-Worker Declan lies on his back wanting his belly scratched. The eight-year-old black Labrador cross swings his legs in the air for a few minutes before resigning himself to chewing on someone’s shoe. In the office he behaves like any pet dog, but in the field he is like a tornado—focused on finding illegal drugs being smuggled. Declan is a drug-detector dog for the Customs Service and has been busting drug smugglers with his handler, Kevin Hattrill, for eight years. Airport passengers look on with curiosity as Declan darts around people and their luggage. Within minutes he sniffs out a person of interest, who is taken away and questioned by airport authorities. Dogs like Declan are trained to detect illegal drugs, such as cannabis, methamphetamine, and cocaine, or explosives. Hattrill said the dogs were dual responsetrained when they detected something. “If the odor is around a passenger, they are trained to sit beside them. If it’s around cargo, they are trained to scratch. When they detect something, their whole temperament will change. “The dogs can screen up to 300 people within 10 to 15 minutes at the airport. Nothing else can do that.” (McKenzie-McLean, 2006, p. 7) module 15 Classical Conditioning The Basics of Classical Conditioning Applying Conditioning Principles to Human Behavior Extinction Generalization and Discrimination module 16 Operant Conditioning The Basics of Operant......

Words: 14487 - Pages: 58

Free Essay

Teach You Stuff

...Additional Praise for Ramit Sethi and I Will Teach You to Be Rich “Ramit Sethi is a rising star in the world of personal finance writing. . . one singularly attuned to the sensibilities of his generation. . . . His style is part frat boy and part Silicon Valley geek, with a little bit of San Francisco hipster thrown in.” —SAN FRANCISCO CHRONICLE “The easiest way to get rich is to inherit. This is the second best way—knowledge and some discipline. If you’re bold enough to do the right thing, Ramit will show you how. Highly recommended.” —SETH GODIN, AUTHOR OF TRIBES “You’ve probably never bought a book on personal finance, but this one could be the best $13.95 you ever spent. It’ll pay for itself by the end of Chapter 1 (check out the box on page 24 to see what I mean).” —PENELOPE TRUNK, AUTHOR OF BRAZEN CAREERIST: THE NEW RULES FOR SUCCESS “Most students never learn the basics of money management and get caught up in the white noise and hype generated by the personal-finance media. Ramit’s like the guy you wish you knew in college who would sit down with you over a beer and fill you in on what you really need to know about money—no sales pitch, just good advice.” —CHRISTOPHER STEVENSON, CREDIT UNION EXECUTIVES SOCIETY “Smart, bold, and practical. ......

Words: 92352 - Pages: 370

Premium Essay

Will Do Next Time

...Instructor’s Manual and Test Bank to accompany A First Look at Communication Theory Sixth Edition Em Griffin Wheaton College prepared by Glen McClish San Diego State University and Emily J. Langan Wheaton College Published by McGraw­Hill, an imprint of The McGraw­Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY 10020. Copyright Ó 2006,  2003, 2000, 1997, 1994, 1991 by The McGraw­Hill Companies, Inc. All rights reserved. The contents, or parts thereof, may be reproduced in print form  solely for classroom use with A First Look At Communication Theory provided such reproductions bear copyright notice, but may not be reproduced in  any other form or for any other purpose without the prior written consent of The McGraw­Hill Companies, Inc., including, but not limited to, in any  network or other electronic storage or transmission, or broadcast for distance learning. PREFACE Rationale We agreed to produce the instructor’s manual for the sixth edition of A First Look at Communication Theory because it’s a first-rate book and because we enjoy talking and writing about pedagogy. Yet when we recall the discussions we’ve had with colleagues about instructor’s manuals over the years, two unnerving comments stick with us: “I don’t find them much help”; and (even worse) “I never look at them.” And, if the truth be told, we were often the people making such points! With these statements in mind, we have done some serious soul-searching about the texts that so many......

Words: 159106 - Pages: 637

Premium Essay

Crm Project Report

...A Project Report On Customer Relationship Management in Reliance Life Insurance Submitted in partial fulfillment of the requirements for Award of Master of Business Administration With Specialization In Human Resources Submitted by Abhishek Vermani Reg No- MBA-6259 Under the Guidance of COMPANY GUIDE INSTITUTE GUIDE SANTOSH KUMAR B.R ROHITH C KALASKAR CUSTOMER EXECUTIVE SECRETARY GENERAL HET-IMS HUBLI Declaration I hereby declare that the project entitled “CUSTOMER RELATIONSHIP MANAGEMENT” undertaken at RELIANCE LIFE INSURANCE COMPANY LTD,SOLAN submitted in partial fulfillment of the requirement for the award of the degree in Master in Business Administration to the ICDEOL Summer Hill Shimla. It is my original work and is not submitted for the award of any other degree or diploma. Place Date ABHISHEK VERMANI ACKNOWLEDGEMENT As I look back after the completion of my project I feel it would not have been possible without the guidance. I am very grateful to all the people who have lent their precious time and advice for rendering this project successful. I take this opportunity to thank them all. Firstly, I am grateful to “RELIANCE LIFE INSURANCE COMPANY LTD, SOLAN” for giving...

Words: 16128 - Pages: 65

Premium Essay


...A Project Report On Customer Relationship Management in Reliance Life Insurance KOPPAL Submitted in partial fulfillment of the requirements for Award of Master of Business Administration With Specialization In MARKETING Submitted by SUNIL CHOUDARY.K Reg No- MBA/08/48 Under the Guidance of COMPANY GUIDE INSTITUTE GUIDE SANTOSH KUMAR B.R ROHITH C KALASKAR CUSTOMER EXECUTIVE SECRETARY GENERAL HET-IMS HUBLI Indian Institute of Business Management Shivajinagar, Pune – 411 005 Declaration I hereby declare that the project entitled “CUSTOMER RELATIONSHIP MANAGEMENT” undertaken at RELIANCE LIFE INSURANCE COMPANY LTD,KOPPAL submitted in partial fulfillment of the requirement for the award of the degree in Master in Business Administration to the Indian Institute of Business Management, Pune. It is my original work and is not submitted for the award of any other degree or diploma. Place Date SUNIL CHOWDARY.K ACKNOWLEDGEMENT As I look back after the completion of my project I feel it would not have been possible without the guidance. I am very grateful to all the people who have lent their precious time and advice for rendering this project......

Words: 16145 - Pages: 65

Premium Essay

Personal Statement

...Subject: Successful Princeton Applicant Through all of my accomplishments and disappointments, I have always been especially proud of the dedication and fervor I possess for my personal beliefs and values. Unfortunately, it has often been difficult for me to remain outwardly firm and confident in a town where most people think alike and reject exceptions. Whenever I have expressed my position as a pro-life advocate, peers have badgered, accused, and ridiculed me for simply believing in something that they scorn. Despite all the pressure, I never waive red from my belief, yet I became frustrated and began to lose the courage to publicly express my opinion on this controversial topic. To gain some insight and reassurance for myself, I attended the New Jersey Right to Life Convention in the spring of 1995. This experience uplifted me and offered great inspiration and enlightenment. At the convention I received an overwhelming amount of support and encouragement from wonderful people who advocate the very principles I believe in. This convention was so inspiring that the next day in school I was able to relate my experience to one of my biggest opponents on the subject. Also, the abundant information available at the convention enabled me to defend my position on abortion more effectively. Attending this convention accomplished two things. It proved my commitment to my belief, in that I took the initiative to strengthen and support my opinion, refusing to give up or lose heart.......

Words: 41203 - Pages: 165

Premium Essay


...towards mastery in the practice of problem solving Assessments MODULE 4 Technology 1. You are the manager of 2 small stores with production functions q = K¼L¼ and a larger store with production function q = 2K¼L¼. You hire capital for $4, labour for $1. When you took over this role, your boss told you that Q = 24 was the profit maximizing output for this multi-plan firm: 24 = q1 + q2 + q3. Now, the price of labour rises to $4. Provide (i) Isoquant/Isocost diagrams, (ii) Total Cost and (iii) Marginal Cost diagrams. Illustrate the substitution effect (point a to b) and output effect (point b to c) on these diagrams. Explain why your firm uses less capital even when the price of labour increases. (September 2010) For the production function q = K2 + L2 (A) Demonstrate that the elasticity of substitution is negative. (B) Provide a labelled diagram showing the q = 100 isoquant (C) Briefly explain what a negative value means for σ 3. 4. A special production function is q = min( 80K, 4L1 + 2L2). Discuss the production process described by this function. Is this production function constant returns to scale? Five-year-old Jack has set up a hot chocolate stand outside his home. His customers like hot chocolate made in only one way, one unit of chocolate and 3 units of milk to go into each unit of hot chocolate. Jack’s mother, Naomi, provides him with heat, cups and cleaning free of charge. However, she charges him $0.25 for each unit of chocolate and $0.50 for each unit of milk.......

Words: 50660 - Pages: 203

Premium Essay

Integrated Marketing Communications

...Emily Gross Frontlist Buyer, Manufacturing: Diane Gibbons Production Service: PrePressPMG Sr. Art Director: Stacy Shirley Internal Designer: Chris Miller/cmiller design Cover Designer: Chris Miller/cmiller design Cover Image: Getty Images/The Image Bank Permission Aquistion Manager/Photo: Deanna Ettinger Permission Aquistion Manager/Text: Mardell Glinski Schultz © 2010, 2007 South-Western, Cengage Learning ALL RIGHTS RESERVED. No part of this work covered by the copyright hereon may be reproduced or used in any form or by any means—graphic, electronic, or mechanical, including photocopying, recording, taping, Web distribution, information storage and retrieval systems, or in any other manner—except as may be permitted by the license terms herein. For product information and technology assistance, contact us at Cengage Learning Customer & Sales Support, 1-800-354-9706 For permission to use material from this text or product, submit all requests online at Further permissions questions can be emailed to Library of Congress Control Number: 2008939395 ISBN 13: 978-0-324-59360-0 ISBN 10: 0-324-59360-0 South-Western Cengage Learning 5191 Natorp Boulevard Mason, OH 45040...

Words: 219845 - Pages: 880