Step 1. Quick sharing about student’s goals and ask them to evaluate its feasibility to achieve their goals.
Step 2. Introduce the skills of financial planning, students are required to calculate with the help of excel or paper template by considering their income and allocating the savings that they would require to achieve their targeted goals in the targeted time period, in other words ,
students need to consider the gap of current amount and amount needed and the duration. - whether it is surplus (more amount than needed) or shortfall (not enough fund to achieve goal).
Step 3. Show them how to evaluate their budget and feasibility.
Budget calculator: https://www.quicken.com/budget-calculator
Step 4. Individually evaluate their own goals.
