Personal Financial Planning
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FINS5510 Personal Financial Planning
The purpose of this assignment is to help you to develop a detailed financial plan that
will act as a financial roadmap for the rest of your life. Each section of your financial
plan provides you with the opportunity to reflect deeply on the theory covered in the
course and to make practical, specific and detailed application of that theory to your
expected future life stages. You should work on your financial plan gradually during
the term as you cover each Unit. You should use the Microsoft Word template provided
and submit the final document in Microsoft Word format. There is no word limit for this
assignment but most submissions are between 3,000 and 9,000 words.
This is an individual assignment. Copying the work of another student, basing your
financial plan on another student’s work, asking anyone else to write your financial
plan, obtaining assistance from an Artificial Intelligence computer program, providing
a copy of your financial plan to another student or posting your financial plan on a
website is academic misconduct and will result in a fail grade being awarded for this
course.
Weight
The Financial Plan assignment is worth 50% of your assessment for this course.
Due Date
The due date for the financial plan assignment is as follows:
Assessment component Due Date*
Financial Plan Assignment 1:00pm Mon 14 Aug 2023 (Week 12) Sydney time
* All times are Sydney time
Backup your work
You should be writing your financial plan assignment gradually over the term after you
have completed each Unit. You need to plan for a situation in which the file may
become corrupted or your device is damaged. Please create regular copies of your
work and place them into a ‘Backups’ folder. Make sure this folder is synchronised onto
a USB key or a cloud-based storage solution such as OneDrive or Dropbox (or an
equivalent service in China for students who cannot access these services). Loss of
data or a damaged device does not constitute grounds for Special Consideration.
Late Penalties
Late submission will incur a penalty of 5% per day or part thereof (including weekends)
from the due date and time. An assessment will not be accepted after 5 days (120
hours) of the original deadline unless special consideration has been approved. An
assignment is considered late if the requested format, such as hard copy or electronic
copy, has not been submitted on time or where the ‘wrong’ assignment has been
submitted.
The late penalty applies to your score for the financial plan (not the maximum possible
score). For example, if your raw score is 70/100 and the plan is submitted 2 days late,
a 10 mark penalty will apply and so your score would be reduced to 60/100.
Note that there is a small ‘grace period’ of a few minutes after the submission time to
allow for slow internet connections or slow website performance. No penalty will apply
if the submission is within this ‘grace period’. Please do not email me asking if your
submission falls within this grace period.
Since you are supposed to be working on this assignment gradually each week as the
course progresses, the maximum period of special consideration that will be granted
for this assessment (for any reason) is 7 days from the original due date. Also, the
maximum extension that will be granted for Equitable Learning Plans will also by 7
days from the original due date. Any submissions received after this will automatically
be awarded a score of zero.
Special Consideration
Special consideration will only be granted in exceptional cases. You are responsible
for developing your financial plan gradually as you work through each Unit of the
course materials. You should work on your financial plan as you cover each Unit and
avoid leaving it until last minute. You are responsible for completing your financial plan
well before the due date/time to allow for unexpected circumstances or illness. Being
ill during the last week before the date of submission will not normally constitute
grounds for special consideration.
Loss of data or a damaged device does not constitute grounds for Special
Consideration. You are responsible to regularly backup your work and synchronise it
onto a cloud-based storage solution (such as OneDrive or Dropbox).
If special consideration is granted, the maximum extension that will be granted is
7 days from the original due date. Any financial plans received more than 7 days from
the original due date will automatically be awarded a score of zero.
An application for Special Consideration together with supporting documentation must
be submitted online within 3 working days of the due date.
Individual Assessment
This is an individual assessment. You are permitted to discuss the contents of this
assessment with your family, a spouse or partner. However, all written work, research
and supporting calculations must be your own work. Seeking assistance with your
written work or financial modelling constitutes academic misconduct. Seeking
assistance from Artificial Intelligence computer programs also constitutes academic
misconduct. Providing assistance to any other students also constitutes academic
misconduct. Copying or paraphrasing the work of any other student (from current or
previous terms) constitutes academic misconduct. Copying the work of another student
and then changing the details to reflect your situation and strategies constitutes
academic misconduct. Using another student’s financial plan as a ‘reference’ for you
while you complete your own financial plan is also academic misconduct. Posting a
copy of your assignment on a website is academic misconduct (except for submitting
your assignment on the course website under the appropriate submission link).
If another student approaches you for assistance, please note the time, date and
details of the incident and email the details to me at
[email protected] .
UNSW has no tolerance for students who are dishonest or seek to obtain an unfair
advantage over other students. Academic misconduct is a serious offence. It can result
in zero being awarded for this assessment, a failure grade for the course and/or
removal from the University.
No Artificial Intelligence
Using Artificial Intelligence programs or services is not permitted in this assessment.
There are two exceptions to the above ‘no use of Artificial Intelligence’ rule. Students
for whom English is their second language are allowed to use Artificial Intelligence
programs (such as Google Translate) to translate from their native language into
English or to translate from English to their native language. Students with writing
difficulties are allowed to use Artificial Intelligence programs (such as Grammarly) to
help correct their spelling and grammar.