Personal Financial Plan

STEP 1:Review the following scenario for this assignment. Additionally, review the Assignment 2 Financial Plan Explanation Word Template and Assignment 2 Financial Plan Budget Excel Template.Context: : Imagine that you are in a position where you need to move – this could be because of a change in job or dissatisfaction with your current living arrangement, or something else entirely. Besides needing to find different housing, you also want to begin saving for a specific financial goal.Scenario: Imagine that you are in a position where you need to move—this could be because of a change in job, dissatisfaction with your current living arrangement, or something else entirely. Besides needing to find different housing, you also want to begin saving for a specific financial goal.You will use the Assignment 2 Financial Plan Budget Excel Template to create your financial plan and budget table. You will use the Assignment 2 Financial Plan Explanation Word Template to answer the questions related to your financial goals and plan.STEP 2: Think through the productivity strategies you have learned in your coursework and make a plan for how you will break down creating your financial plan into smaller steps to help you stay organized and be productive.STEP 3: Identify an annual income as a starting point for your financial plan and insert the value in the budget table at the top of the Excel template as needed. Use an annual income value that you feel comfortable using for this assignment. You may use one of the following:The sample annual income of $50,000 provided in the templateYour current annual incomeThe average/median income of a career field that you would like to be working in at some point in the future. Check out O*Net or CareerOneStop for more information on income for career fields you are interested in.