Personal Financial Planning Case Study Example | Topics and Well Written Essays - 1250 words

Personal Financial Planning - Case Study ExampleShe uses that amount to fund her periodic budget which according to appendix 1, indicates a deficit figure of $ 348. That is, the amount of Susans salary is lacking(p) to meet all her monthly expenses.The following recommendations have been made to help Susan increase her income. First she should take over a cup cake business. Second, she should seek for a handicraft at a restaurant on a night shift. Third, she could tutor elementary school pupils. Fourth, she should seek for a part time job in an adult day c be facility. Last, she should work as a cashier at a local fashion store. On the other hand, the following recommendations have been made on areas of expenditure lessening medical insurance, utilities, Child day care, credit cards, gas, and food.The adoption of the recommendations has proven to increase Susans income (appendix 2). Susan is capable of conflict all her monthly expenses. In addition, the analysis shows that she will have a budget surplus of $ 7,087. Therefore, Susan should insure the recommendations in order to improve her credit rating and financial situation.Susan, natural in on April 7th, 1976, is immemorial thirty five years. She is a hotshot parent with two children. Her first natural child is Tina, born on August the twenty seven in the year two thousand and eight. Her second born child is Jeffrey, born on April the fourteenth the year two thousand and thirteen. As mentioned before, Susan is a single mother who was deserted by her husband. She encountered the possibility after she was expectant of giving birth to Jeffrey. Since the painful misfortune occurred, she has never seen or heard from the father of her two children. This means that all the support of her two children are from other sources excluding her husband.Susan stays close to her parents residence. Her parents strive to help occasionally though they are not headspring off either. She had earlier thought of moving in with her parents, but the idea could not