C07J Personal Finance
Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the “Assignment Format” page located on the Course Home page for specific format requirements.
Part A: 1. Describe two (2) steps you should take to evaluate and choose health care insurance options.
2. Describe one (1) consideration you should take into account when looking into the option of private health care insurance.
Part B: Describe one (1) way that the decision to invest in stocks affects financial planning, liquidity management, financing, and protecting your wealth.
Part C: Before investing in mutual funds, describe two (2) other issues that you would want to address in your overall financial plan.
Grading Rubric
Please refer to the rubric on the following page for the grading criteria for this assignment.
| CATEGORY | Exemplary | Satisfactory | Unsatisfactory | Unacceptable |
| Part A: Health care insurance – steps (20 points) | 20 points | 15 points | 10 points | 5 points |
| Student provides a clear, logical description of at least 2 steps you should take to evaluate and choose health care insurance options. | Student provides a mostly clear, logical description of 1-2 steps you should take to evaluate and choose health care insurance options. | Student provides a weak or unclear description of 1-2 steps you should take to evaluate and choose health care insurance options. | Student provides a poor description of 1 step you should take to evaluate and choose health care insurance options. | |
| Part A: Health care insurance – considerations (15 points) | 15 points | 12 points | 8 points | 5 points |
| Student provides at least 1 clear, logical consideration you should take into account when looking into the option of private health care insurance. | Student provides at least 1 mostly clear, logical consideration you should take into account when looking into the option of private health care insurance. | Student provides at least 1 weak or unclear consideration you should take into account when looking into the option of private health care insurance. | Student provides 1 poor consideration you should take into account when looking into the option of private health care insurance. | |
| Part B: Investing in stocks (20 points) | 20 points | 15 points | 10 points | 5 points |
| Student provides a clear, logical description of at least 1 way that the decision to invest in stocks affects financial planning, liquidity management, financing, and protecting your wealth. | Student provides a mostly clear, logical description of at least 1 way that the decision to invest in stocks affects financial planning, liquidity management, financing, and protecting your wealth. | Student provides a weak or unclear description of at least 1 way that the decision to invest in stocks affects financial planning, liquidity management, financing, and protecting your wealth. | Student provides a poor description of 1 way that the decision to invest in stocks affects financial planning, liquidity management, financing, and protecting your wealth. | |
| Part C: Mutual funds (20 points) | 20 points | 15 points | 10 points | 5 points |
| Student provides a clear, logical description of at least 2 other issues that you would want to address in your overall financial plan before investing in mutual funds. | Student provides a mostly clear, logical description of 1-2 other issues that you would want to address in your overall financial plan before investing in mutual funds. | Student provides a weak or unclear description of 1-2 other issues that you would want to address in your overall financial plan before investing in mutual funds. | Student provides a poor description of 1 other issue that you would want to address in your overall financial plan before investing in mutual funds. | |
| Mechanics (15 Points) | 15 points | 12 points | 8 points | 5 points |
| Student makes no errors in grammar or spelling that distract the reader from the content. | Student makes 1-2 errors in grammar or spelling that distract the reader from the content. | Student makes 3-4 errors in grammar or spelling that distract the reader from the content. | Student makes more than 4 errors in grammar or spelling that distract the reader from the content. | |
| Format (10 Points) | 10 points | 8 points | 5 points | 2 points |
| The paper is written in proper format. All sources used for quotes and facts are credible and cited correctly. | The paper is written in proper format with only 1-2 errors. All sources used for quotes and facts are credible and most are cited correctly. | The paper is written in proper format with only 3-5 errors. Most sources used for quotes and facts are credible and cited correctly. | The paper is not written in proper format. Many sources used for quotes and facts are less than credible (suspect) and/or are not cited correctly. |
