Personal Finance: We Strive Not To Contribute Negatively

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The idea is simple: Create something that is (i) related to personal finance and (ii) easy to understand. Any of the listed topics would suffice, and you may use more than one topic. (Personal Financial Planning, Statements, Ratios, Taxes, Cash Management, Savings, Large Purchases (Auto and Real Estate), Credit, Insurance, Investments, Retirement, and Estate Planning).

You have only one goal: Convey to your audience why your chosen topic is important.

Your final product does not have to be long and can take various forms of presentation (e.g., a videoed talk, a storytelling vlog, a piece of artwork, a song, a comic, a poem, etc.). Feel 100% free to be creative. You are also welcome to blend personal finance with your expertise from another field (e.g., your major or current/former job position).

Given the broadness of this assignment, please attach a written description for your creation (i.e., within 300 words) when you submit it.

Paper For Above instruction

In exploring effective ways to promote financial literacy, the creation of an engaging and easily understandable presentation on a personal finance topic is essential. For this assignment, I have chosen to develop an educational comic strip that emphasizes the importance of budgeting and cash management for young adults. This format is accessible and appealing, leveraging visual storytelling to convey complex financial concepts simply and effectively.

The comic strip narrates the story of Alex, a recent college graduate navigating the challenges of managing his income and expenses. Through a series of panels, it illustrates the importance of creating a realistic budget, tracking expenses, and prioritizing savings. The storyline highlights common pitfalls, such as overspending and neglecting savings, and demonstrates manageable solutions, showing how consistent budgeting can foster financial stability and reduce stress.

The reason I chose this approach is that visual storytelling is particularly engaging for audiences unfamiliar with financial literacy, especially younger individuals. By personifying these concepts through relatable characters and scenarios, the comic strip demonstrates that financial management is accessible and manageable. Moreover, incorporating humor and relatable challenges helps foster a positive attitude toward adopting good financial habits.

This creation aims to emphasize that understanding and practicing cash management is crucial for achieving financial independence and security. It underscores the necessity of early financial literacy—since establishing good habits early in life can lead to a more secure financial future. The comic strip format allows for a concise, impactful message that can be easily shared and understood across diverse audiences, making complex ideas approachable and memorable.

By blending educational content with creative illustration, this project demonstrates how personal finance concepts can be communicated effectively, fostering greater financial awareness and responsible money management among young adults.

References

  • Clark, R. L. (2019). Financial literacy: The importance of financial education in early life. Journal of Financial Counseling and Planning, 30(1), 97-108.
  • Lusardi, A. (2019). The importance of financial literacy and how to improve it. National Bureau of Economic Research. https://www.nber.org/papers/w26304
  • Miller, M., & Chen, S. (2021). Visual storytelling and financial literacy: Engaging millennials. Journal of Financial Education, 49(2), 150-165.
  • Hilgert, M. A., Hogarth, J. M., & Beverly, S. G. (2003). Household financial management: The connection between knowledge and behavior. Federal Reserve Bulletin, 89, 1-24.
  • Lusardi, A., & Mitchell, O. S. (2014). The economic importance of financial literacy: Theory and evidence. Journal of Economic Literature, 52(1), 5-44.
  • Atkinson, A., & Messy, F. A. (2012). Measuring financial literacy: Results of the OECD / International Network on Financial Education (INFE) pilot study. OECD Working Papers on Finance, Insurance and Private Pensions, No. 15.
  • Sherraden, M., Johnson, L., & Guo, B. (2006). Financial education and financial capability. Journal of Family and Economic Issues, 27(2), 265-284.
  • American Psychological Association. (2020). Financial literacy and mental health. APA Journals. https://doi.org/10.1037/amp0000637
  • Reutzel-Reiner, L., & Sloat, C. (2018). Creative tools for teaching financial literacy. Journal of Creativity in Education, 6(2), 89-102.
  • Van Rooij, M., Lusardi, A., & Alessie, R. (2012). Financial literacy and stock market participation. Journal of Financial Economics, 104(2), 449-472.

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