Budgeting and Investment
Read the Financial Planning Case at the
end of Chapter 13, First Budget, Then Invest for Success! Answer the three
questions listed below. Post your position in the discussion board in at least
200 words. Respond to at least two of your classmates postings.
How would you rate the financial status
of the Garners before the air conditioner broke down?
The Garners take-home pay is over
$4,500 a month. Yet, after all expenses are paid, there is only a $220 surplus
each month. Based on the information presented in this case, what expenses, if
any, seem out of line and could be reduced to increase the surplus at the end
of the month?
Given that both Joe and Mary Garner are
in their mid-30s and want to retire when they reach age 65, what type of
investment goals would be most appropriate for them?
Debt
Reduction
You read in Chapter 13 that it is vital
to reduce your credit card balances and other consumer credit before beginning
an investment program. You also need to start an emergency fund in case of
immediate need. Why do financial advisers make such recommendations? Why should
you reduce spending on credit before investing? Why shouldn’t you carry large
consumer debt and invest at the same time?
Budgeting and InvestmentRead the Financial Planning Case at the
end of Chapter 13, First Budget, Then Invest for Success! Answer the three
questions listed below. Post your position in the discussion board in at least
200 words. Respond to at least two of your classmates postings.How would you rate the financial status
of the Garners before the air conditioner broke down?The Garners take-home pay is over
$4,500 a month. Yet, after all expenses are paid, there is only a $220 surplus
each month. Based on the information presented in this case, what expenses, if
any, seem out of line and could be reduced to increase the surplus at the end
of the month?Given that both Joe and Mary Garner are
in their mid-30s and want to retire when they reach age 65, what type of
investment goals would be most appropriate for them? Debt
ReductionYou read in Chapter 13 that it is vital
to reduce your credit card balances and other consumer credit before beginning
an investment program. You also need to start an emergency fund in case of
immediate need. Why do financial advisers make such recommendations? Why should
you reduce spending on credit before investing? Why shouldn’t you carry large
consumer debt and invest at the same time?
