BUS 215 Week 4 Discussion Question 1 and 2 with Answers

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BUS 215 Week 4 Discussion 1, Financial Planning Case

Read the Financial Planning Case at the end of Chapter 13, “First Budget, Then Invest for Success!” Answer the three questions listed below.

  1. How would you rate the financial status of the Garners before the air conditioner broke down?
  2. The Garners’ take-home pay is over $4,500 a month. Yet, after all expenses are paid, there is only a $220 surplus each month. Based on the information present in this case, what expenses, if any, seem out of line and could be reduced to increase the surplus at the end of the month?
  3. Given that both Joe and Mary Garner are in their mid-30s and want to retire when they reach age 65, what type of investment goals would be most appropriate for them?

BUS 215 Week 4 Discussion 2, Debt Reduction

Debt Reduction. You read in Chapter 13 that it is vital to reduce your credit card balances and other consumer credit before beginning an investment program. You also need to start an emergency fund in case of immediate need. Why do financial advisers make such recommendations? Why-should you reduce spending on credit before investing? Why shouldn’t you carry large consumer debt and invest at the same time? On the surface, these questions may sound silly but there are sound reasons for asking them. Post your position in the discussion board in at least 200 words incorporating your rationale with supportive references. bus 215 week 4

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