PERSONAL FINANCE
Assessment Requirements
Developments in smartphone and data sharing technology are changing how we save, spend, share and invest our money.
REQUIRED
Research and prepare an individual report on the contemporary topic above and how it has impacted on the way that we arrange our personal finances.
Critically discuss the evolutionary and revolutionary changes across FIVE different personal finance products or services owing to technological and environmental factors over the last 20 years.
GUIDELINES VERY IMPORTANT
Contemporary is how technology or general environmental factors has changed the way we deal with our money. So how has it impacted in general way we handle our finance paragraph critically discuss many means looking at pros and cons of the evolutionary ever-changing cycle ie things that we did that has come to an end i.e chequebooks across 5 different personal finance products:
Loans or lease or Debt
Savings
Insurance
Investment
wills and Estates
YOU can add any more you feel comfortable first 4 highlighted is a must last one you can choose
use of PESTEL will help
Investments okay look at how has it was about 20 years ago how easy was it to access that type of investment how it was set back then and how easy it is to do now was sort of law legislation or technology that has come in or social effects of demographics and see how that has changed .
for example, look at the age we are in a microwave generation we want things done fast how has most of the products being developed to the way we perceive things which is instant e.g. use of apps.
we can now check her balances make loans overdraft online banking etc. We couldn’t do that before we had to go all the way to the banks to physically carry out that transaction, we then look at why it was set up that way using theories or reasons that support the technology technological move.
when concluding we look at what is going forward such as 5 gene network or drones and say how that is going to shape or reshape or advance personal finance
Layout
Introduction 200 words -250
Main body very important
Conclusion is very important 15 marks here so 400 words here kindly give it your best shot
MARK ALLOCATION BELOW THANKS A MILLION
| CRITERIA | MARKS AVAILABLE | MARKS AWARDED | COMMENTS |
REPORT WRITING SKILLS
|
15 | Format- Spelling- Grammar- | |
| RELEVANCE OF RESEARCH | 20 | ||
RELEVANCE OF CONTENT:
APPROACH (20 marks)
marks) |
55 | Originality –
Arguments – Conclusions – |
|
| BIBLIOGRAPHY / REFERENCING LINKED TO TURNITIN REPORT | 10 | ||
| TOTAL | 100 |
