Jamie Lee's Fleeting Objectives
1. Using sheet Personal Financial Planner Sheet 3, Personal Financial Goals, as a guide, what are Jamie Lee's short term financial goals? How do they compare to her intermediate financial goals?
Jamie's fleeting objectives in her present circumstance would include: proceeding with her work at the pastry kitchen division in the market where she gains $390 a week and to pay off her charge card adjust of $400. I would group her objective of moving into her very own position as a halfway objective because there is no illumination in the course reading of when she intends. Another middle of the road objective she has incorporates getting her BA in business inside the following three years. An objective that I would characterize more as a halfway to long haul objective would be her fantasy of opening her own business 2 years in the wake of graduating by saving $1800 a year into a bank account with 2% enthusiasm to make an initial installment of $9000. I order it along these lines since relying upon how rapidly she acquires her degree it might take her as long as seven years to finish this objective. One long haul objective I built up would be the installment of her understudy advances. This would be dependent upon her to choose to what extent to take to pay her advance off.
2. …show more content…
Browse Jamie Lee’s current financial situation. Using the SMART approach, what recommendations would you make for her to achieve her long-term goals?
Using the SMART approach my recommendation would be that Jamie Lee will save an additional $20 per month in her savings account to reduce the student loan debt amount. And if Jamie Lee remained living with a roommate and sharing expenses for the next five years she would be able to achieve her long-term
Jamie's fleeting objectives in her present circumstance would include: proceeding with her work at the pastry kitchen division in the market where she gains $390 a week and to pay off her charge card adjust of $400. I would group her objective of moving into her very own position as a halfway objective because there is no illumination in the course reading of when she intends. Another middle of the road objective she has incorporates getting her BA in business inside the following three years. An objective that I would characterize more as a halfway to long haul objective would be her fantasy of opening her own business 2 years in the wake of graduating by saving $1800 a year into a bank account with 2% enthusiasm to make an initial installment of $9000. I order it along these lines since relying upon how rapidly she acquires her degree it might take her as long as seven years to finish this objective. One long haul objective I built up would be the installment of her understudy advances. This would be dependent upon her to choose to what extent to take to pay her advance off.
2. …show more content…
Browse Jamie Lee’s current financial situation. Using the SMART approach, what recommendations would you make for her to achieve her long-term goals?
Using the SMART approach my recommendation would be that Jamie Lee will save an additional $20 per month in her savings account to reduce the student loan debt amount. And if Jamie Lee remained living with a roommate and sharing expenses for the next five years she would be able to achieve her long-term