The purpose of this study is to have a financial plan in place that will increase your chances of a financially successful and quality life as well as prepare you to focus on your financial goals and what it will take to reach them.
Here is the Discussion responses
Describe the purpose of your study. “The purpose of this study is to have a financial plan in place that will increase your chances of a financially successful and quality life as well as prepare you to focus on your financial goals and what it will take to reach them.
Post your research question(s) Within the area of focus within my action research it was important to me because as an African American female, I had noticed over the course of my life where my loved one’s and to fundraise in order to bury a loved one. This was due to backwards, emotional and social spending that was causing us to make foolish money move that would not prepare us for our financial future.
Outcomes/Results The “so what?” After conducting the action research that I performed with the assistance of seven of my family members, it was concluded that many of my family member where not in their favorite and actual field or line of work that they would have preferred. I also concluded that many of the family members that participated within this financial action research project were not using time as their key financial involvement in learning about new financial strategies and redesigning financial habits. Concerns about using different financial saving strategies did not work as well, especially if it imposed on too much of their time during the day in which many of them did not have the time to spare.
Assuming you would conduct another cycle of this study, what specific modifications or adjustments would you make, and why?
If I had the time to conduct an expanded cycle of this action research, I would most definitely implement financial ways of saving for financial success for my family. I would gather various ways of saving money or putting money into certain financial areas that would produce financial gain and then have my family members try out my findings. I would also model this financial gain by showing my family members how important it is to budget your expenses no matter how little you have to work with. Then finally, I would then show and advise them that it would be to their greatest benefit to start their financial planning process of envisioning the lifestyle they want when they retire and the letting them know that the choice is solely up to them the individual to achieve this financial freedom.
Explain why this study is important to the school and the students.
Learning how to budget your finances at an early age has been proven a great asset for your child as they grow into adults. It has been stated that children in elementary schools should be taught how to manage their finances and in this Guardian article by Bleakley she states that “As well as providing a basis for future learning, early financial education can also be of benefit to primary school pupils in the course learning”. However, as soon as your child is receiving an allowance, he or she will need a place to put his or her money, so making a trip to the bank should be a routine event in order to help your child open a savings account and encourage him or her to make regular deposits.
Explain why this study is important for teachers and other educational practitioners to become researchers of their own practice.
Conducting your own action research is something that every educational person should conduct a few times in their educational lifetime. Conducting a financial action research to better assist your students during their elementary learning serves a better purpose due to the fact that as the educational leader you are providing a exceptional learning experience for your students. What makes this financial action research even more spectacular is that you as the educational leader will learn how to better your own finances so that you are able to lead by example or model the experience for your students.
References
The Guardian, Primary schools should teach money lessons by Tracey Bleakley, 18 Apr 2013. www.theguardian.com (Links to an external site.)Links to an external site.
- Assignment status: Solved by our Writing Team
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