Mrs. S has a flair for grooming dogs and cats. Mrs. S has been living with a roommate in an apartment near her work in order to reduce her living expenses. However, she continuously uses her credit card to make ends meet. Her personal property consists of a 2005 car, a television, a digital camera, a laptop computer, clothing and home furnishing with a total value of $7,300. Character in this case: Mrs. S. Adequate information: Monthly income is $1,750. Living expenses are $1,210. Personal property is $7,300. Savings are $2,000. Student loan is of $3,000. Credit cards debt is of $2,400. To determine: Short-term, intermediate and long-term personal financial goals Introduction: Short-term goal are those which has been set up and achieved within 1 to 2 years. Intermediate goals are set up and achieved within 2 to 5 years. Long-term requires more than 5-10 years to achieving goals.

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Chapter 1, Problem 2CC

Summary Introduction

Case summary:

Mrs. S has a flair for grooming dogs and cats. Mrs. S has been living with a roommate in an apartment near her work in order to reduce her living expenses. However, she continuously uses her credit card to make ends meet. Her personal property consists of a 2005 car, a television, a digital camera, a laptop computer, clothing and home furnishing with a total value of $7,300.

Character in this case: Mrs. S.

Adequate information:

Monthly income is $1,750.

Living expenses are $1,210.

Personal property is $7,300.

Savings are $2,000.

Student loan is of $3,000.

Credit cards debt is of $2,400.

To determine:

Short-term, intermediate and long-term personal financial goals

Introduction:

Short-term goal are those which has been set up and achieved within 1 to 2 years. Intermediate goals are set up and achieved within 2 to 5 years. Long-term requires more than 5-10 years to achieving goals.

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