1 page for cover and 3-4+ pages to explain recommendation plus any attachments
Compute personal financial ratios to assess current financial situation and explain what each ratio means. (see lecture notes for information on ratios)
Recommend action to take – maintain current payments or pay off debt
Remember that you may add to the information to enhance the fact pattern.
You may determine the specifics about the student loan, credit card, etc. that are not already stated above
5. Housing: Compare current shared apartment to solo new apartment
1 page for cover and 3-4+ pages to explain recommendation plus any attachments
Prepare a chart to compare costs (rent, food, electric, cable, heat, etc.)
Recommend action to take – stay in shared apartment or get own apartment
Determine what is the best decision financially given all financial concerns and also address non-financial matters
Remember that you may add to the information to enhance the fact pattern.
You may determine the location, size, cost, etc. of the new apartment as compared to the current apartment.
You may need to calculate answers for certain sections of your financial plan.
