Dave and Sharon Sampson are 30 years old and have two children, who are five and six years old. Since marrying seven years a

Dave and Sharon Sampson are 30 years old and have two children, who are five and six years old. Since marrying seven years ago, the Sampsons have relied on Daves sal- ary, which is currently $48,000 per year. They have not been able to save any money, as Daves income is just enough to cover their mortgage loan payment and their other expenses Dave and Sharon feel they need to take control of their finances. Now that both chil- dren are in school, they have decided that Sharon will look into getting a part-time job. She was just hired for a part-time position at a local department store at a salary of $12,000 per year. Dave and Sharon are excited by the prospect of having additional cash inflows-they now feel they have the leeway to start working toward their financial goals The Sampsons own a home valued at about $100,000, and their mortgage is $90,000. They have a credit card balance of $2,000. They own two cars and do not have any car loans, but Sharons car is old and will need to be replaced soon. Sharon would really like to purchase a new car within the next year; she hopes to save $500 each month until she has accumulated savings of $5,000 to use for a down payment.
media%2F57d%2F57d8c2ad-f6a1-4430-babd-03
media%2Fccb%2Fccb4d28c-6afd-4a88-af81-a2

Dave and Sharon Sampson are 30 years old and have two children, who are five and six years old. Since marrying seven years ago, the Sampsons have relied on Dave’s sal- ary, which is currently $48,000 per year. They have not been able to save any money, as Dave’s income is just enough to cover their mortgage loan payment and their other expenses Dave and Sharon feel they need to take control of their finances. Now that both chil- dren are in school, they have decided that Sharon will look into getting a part-time job. She was just hired for a part-time position at a local department store at a salary of $12,000 per year. Dave and Sharon are excited by the prospect of having additional cash inflows-they now feel they have the leeway to start working toward their financial goals The Sampsons own a home valued at about $100,000, and their mortgage is $90,000. They have a credit card balance of $2,000. They own two cars and do not have any car loans, but Sharon’s car is old and will need to be replaced soon. Sharon would really like to purchase a new car within the next year; she hopes to save $500 each month until she has accumulated savings of $5,000 to use for a down payment.

Expert Answer

 

Current Financial Position

Major Assets Amounts
Savings Low
Money Owed $92,000
Salary $60,000 per year

Goal 1: Purchase new car for Sharon this year

How to achieve the Goal Sharon plans to save money for the down payment
How to implement the Plan Saving $ 500 per month to save at least $ 5,000 for the down pyment
How to Evaluate the plan $ 500 per month will save $6000 by the end of the year.

Goal 2: Pay for the children’scollege education 12 – 17 years from now

How to achieve the plan The savings done should be invested in child education policies to yield future benefit
How to implement the plan Sharon’s salary will be saved $ 300 p.m.
How to evaluate the plan The plan is successful if the amount is regularly saved and invested

Goal 3 : Set aside money for retirement

How to achieve the goal Extra earnings will be required in order to achieve this plan
How to implement the goal Sharon after few years can look for a full time job instead of part time
How to evaluate the goal The financial advisor’s plan will help them to plan the savings and money expenditures
Buy Essay
Calculate your paper price
Pages (550 words)
Approximate price: -

Help Me Write My Essay - Reasons:

Best Online Essay Writing Service

We strive to give our customers the best online essay writing experience. We Make sure essays are submitted on time and all the instructions are followed.

Our Writers are Experienced and Professional

Our essay writing service is founded on professional writers who are on stand by to help you any time.

Free Revision Fo all Essays

Sometimes you may require our writers to add on a point to make your essay as customised as possible, we will give you unlimited times to do this. And we will do it for free.

Timely Essay(s)

We understand the frustrations that comes with late essays and our writers are extra careful to not violate this term. Our support team is always engauging our writers to help you have your essay ahead of time.

Customised Essays &100% Confidential

Our Online writing Service has zero torelance for plagiarised papers. We have plagiarism checking tool that generate plagiarism reports just to make sure you are satisfied.

24/7 Customer Support

Our agents are ready to help you around the clock. Please feel free to reach out and enquire about anything.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

HOW OUR ONLINE ESSAY WRITING SERVICE WORKS

Let us write that nagging essay.

STEP 1

Submit Your Essay/Homework Instructions

By clicking on the "PLACE ORDER" button, tell us your requires. Be precise for an accurate customised essay. You may also upload any reading materials where applicable.

STEP 2

Pick A & Writer

Our ordering form will provide you with a list of writers and their feedbacks. At step 2, its time select a writer. Our online agents are on stand by to help you just in case.

STEP 3

Editing (OUR PART)

At this stage, our editor will go through your essay and make sure your writer did meet all the instructions.

STEP 4

Receive your Paper

After Editing, your paper will be sent to you via email.

× How can I help you?