1. Individual Financial Analysis DeJohnna M. Culver Ashford University Instructional Design & Delivery Dr. Keith Pressey 7 April 2015

2. Overview Understanding your finances Questions to ponder Brainstorming financial situation

3. Understanding Your Finances Understanding your financial position is important Your ability to control your finances is essential Debt to income ratio – what’s yours? FICO Credit score – what’s yours?

4. Questions to Ponder 1. What is your monthly income? 2. What is your total monthly debt? 3. Do you have an emergency savings? 4. Do you have retirement accounts? 5. Do you know your debt to income ratio? 6. Do you know your credit score? 7. Do you control your finances or do they control you?

5. Brainstorm Financial Situation Go to https://bubbl.us to create your mind maphttps://bubbl.us 1.Create an account 2.Click on “Start Brainstorming” 3.Brainstorm your financial situation  To get started include answers to “Questions to Ponder” on previous slide Here’s my example ◦ https://bubbl.us/?h=2714d8/52faa3/25K3K4Z5xo xpo&r=847380722 https://bubbl.us/?h=2714d8/52faa3/25K3K4Z5xo xpo&r=847380722

6. Summary Understanding your finances Questions to ponder Brainstorming financial situation

7. References Folger, J. (2014). What’s considered to be a good debt-to-income (DTI) ratio?. Retrieved from http://www.investopedia.com/ask/answers/0 81214/whats-considered-be-good- debttoincome-dti-ratio.asp http://www.investopedia.com/ask/answers/0 81214/whats-considered-be-good- debttoincome-dti-ratio.asp