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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