1. FINANCIAL LITERACY PROJECT
College of Business. Finance and Economics Department
FINANCIAL LITERACY PROJECT
Dr. Alex Pomelnikov
Assignment objectives
Assignment instructions
Step 3: What is your financial plan for the future?
Students create their personal financial plan using a proprietary simple budgeting model to help them identify and understand what steps it will take to reach financial independence. 
Step 4: Next Steps.
Students specifically identify their next steps to take action on now to reach their future goals and I recommend they keep learning.
In the past 2 years, over 200 students expressed their gratitude and provided feedback such as:
"This project had more relevancy to my life than anything else I've done in school. It truly helps you connect Financial Management with your own life."
Stephanie R.
"Thank you for all of the financial information and starting me on a path toward financial freedom!"
-Pamela P.
"What I learned from Dr. Alex's lectures and after reading the book, Me and Money, I now have the tools to help my family to perfect our financial plan and reach our goals much sooner." -Stacey S.
According to my survey results:
85% of my students are most concerned about high debt, compared to 73% of working adults (cnbc.com). 
90% of my students are most concerned about low income, compared to 49% of working adults (marketwatch.com).
70% of my students are most concerned about job prospects, compared to 41% of working adults (bls.gov).
When students transition from school into the workforce without the proper financial education, the majority tend to overspend on credit cards and accumulate massive debt without realizing the negative implication to their life, now and in the future.
The main objective of the Financial Literacy Project is to educate students about the basic rules of money, its role in the economy, and how they can use it to their advantage, immediately.
The Financial Literacy Project is a step-by-step assignment that helps students recognize financially where they are today, and identify their goal and create a plan on where they want to be financially by the time they graduate.
Step 1: Determine where are you now.
Students learn basic rules of money and create their current personal financial statements (including identifying Assets, Liabilities, Revenues, and Expenses). While money and accumulation of wealth is not the goal, it's critical students understand its role in economy and direct impact to their lives.
Step 2: Where will you be at graduation?
Students create a goal and project their financial statement at graduation. If they are happy with the result, the project stops here. If they are surprised, then they move to the next step to see what steps they can take now to make their situation at graduation closer to their goal.
Example
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