Unit 2 Discussion Post AB104
Need help with this assignment?Get an original answer from a qualified tutor — from $10/page.
Get it written →Unit 2 Discussion Post AB104 Personal Finance
Unit 2 Discussion
Discussion Topic
Susan Smith is an office administrator for a small company that does not have a retirement plan. Susan is 38 years old, divorced with a 14-year-old daughter.
- Her ex-husband pays $600 a month in child support.
- He also maintains a $75,000 life insurance policy with Susan as beneficiary.
- Susan’s monthly rent is $900.
- Susan will receive $40,000 when former residence is sold.
- Susan has $5,000 credit card debt @ 18% interest.
- $2,500 in savings
- Maximum payment on credit cards are $300
- Susan received inheritance of $20,000 which she has placed in a 90-day Certificate of Deposit
- Susan has never had a budget her income or expenses
Susan’s goals:
- To get control of her finances
- Purchase a $95,000 condominium
- Save money for retirement
What are your recommendations to Susan? What does she need to do to reach her goals? What steps are necessary for Susan to get her finances in order? Explain.
Get a plagiarism-free answer to this question
Send us your instructions and we’ll match you with the best writer in your subject.
- 100% human-written, zero AI
- Turnitin report included
- Confidential — we never share your data
- Free revisions & refunds