Assignment Instructions

WHAT ARE SOME SPECIFIC SHORT-TERM, INTERMEDIATE, AND LONG-TERM FINANCIAL GOALS THAT PAM MIGHT WANT TO DEVELOP?.

 
While in college, Pam Jenkins worked part-time and was never concerned about long-term financial planning. Rather than creating a budget, she used her checkbook and savings account (which usually had a very low balance) to handle her financial needs.
After completing college, Pam began her career as a sales representative for a clothing manufacturer located in California.
After one year, her assets consist of a 2002 automobile, a television set, some electronic entertainment equipment, and clothing and other personal belongs, with a total value of about $8,200.
 

Life SituationFinancial Data
Single
Age 22
Starting a career
No dependents
Monthly income$2,600
Living expenses$2,180
Assets$8,200
Liabilities$3,470
Emergency fund$530
 
 
 

WHAT ARE SOME SPECIFIC SHORT-TERM, INTERMEDIATE, AND LONG-TERM FINANCIAL GOALS THAT PAM MIGHT WANT TO DEVELOP?

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