DQ 3 Budgeting Essay - 275 Words

DQ 3 Budgeting (Essay Sample) Content: NameInstructorCourseDateDQ3 BudgetingIntroductionThe very first step before budgeting is getting a sponsor. This can be done by locating interested organizations or individuals whose objectives or goals go hand in hand with those of the event. In the case of college events, for example, the college can establish a working relationship with the local authorities or the department in charge of sports. A plan can be submitted to the local authorities or any other donor to highlight the details of the budgetary requirements, as well as, justification for the finances that will be required. Throughout the budgeting process, there are several factors that should be put into consideration. The budget should be real and aligned as much as possible to the event. This should include the exact number of people that are expected to attend. If there is only one donor then it is advisable to keep the numbers on the minimum, but in the case of multiple donors the budget can be larg er. The budget should also be clear about the type of event that should be delivered. This should include the guest invitation, those who are paying fees and those who will be sponsored. This should also include the venue of the ...

[infographic] Top Misconceptions About College Savings Do You Know the Answers

This year's College Savings Survey once again revealed that while 55% of American families prefer using a 529 plan to save for college, many are still confused about how they work. Grandparents are generally more knowledgeable about 529 plan rules than parents, especially regarding what happens to the funds saved if the child doesn't go to college. In fact, 18 percent of parents believe that if their child doesn't go to college they will lose all of the money they saved in a 529 plan, but only 10 percent of grandparents believe this to be true. Yet even though they may understand 529 plans better, more grandparents (39%) were likely to have enlisted the help of a financial advisor to help choose a plan than parents (26%). The main reasons families don't want to work with an advisor is because they are concerned about paying commissions and fees. But when families who aren't currently saving for college were asked why they haven't started yet, 49 percent claimed it was because they haven't had time to research and/or understand their options. Read the full College Savings Survey Report Embed !function(a){var b="embedly-platform",c="script";if(!a.getElementById(b)){var d=a.createElement(c);d.id=b,d.src=("https:"===document.location.protocol?"https":"http")+"://cdn.embedly.com/widgets/platform.js";var e=document.getElementsByTagName(c)[0];e.parentNode.insertBefore(d,e)}}(document); This year's College Savings Survey once again revealed that while 55% of American families prefer using a 529 plan to save for college, many are still confused about how they work. Grandparents are generally more knowledgeable about 529 plan rules than parents, especially regarding what happens to the funds saved if the child doesn't go to college. In fact, 18 percent of parents believe that if their child doesn't go to college they will lose all of the money they saved in a 529 plan, but only 10 percent of grandparents believe this to be true. Yet even though they may understand 529 plans better, more grandparents (39%) were likely to have enlisted the help of a financial advisor to help choose a plan than parents (26%). The main reasons families don't want to work with an advisor is because they are concerned about paying commissions and fees. But when families who aren't currently saving for college were asked why they haven't started yet, 49 percent claimed it was because they haven't had time to research and/or understand their options. Read the full College Savings Survey Report Embed !function(a){var b="embedly-platform",c="script";if(!a.getElementById(b)){var d=a.createElement(c);d.id=b,d.src=("https:"===document.location.protocol?"https":"http")+"://cdn.embedly.com/widgets/platform.js";var e=document.getElementsByTagName(c)[0];e.parentNode.insertBefore(d,e)}}(document);