How should one seek to balance work and family

Assignment Help Financial Management
Reference no: EM131683237

Assignment

Jones Case:

You have been friends with Jim and Lisa Jones since childhood. They were teenage sweethearts who both come from large families in the town where you all grew up. Both of them have worked full time since their marriage except for a three-month maternity leave after their son Jason was born. They both had demanding jobs, but Lisa asked to take on less responsibility when her work took too much time away from their son. They want the best for their son and have found excellent childcare, which costs about $1050 per month. They want to have one or two more children, but they don't know when that will be because having a large family like they came from seems unrealistic at this point.

Jim has hit a plateau at work. He has a stable but unexciting position making about $60,000 a year. He works about 45 hours per week and has about a 45-minute commute each-way. He adores Jason and wishes he had more time to spend with him.

Lisa has been a rising star at her work since returning from maternity leave two years ago. She works about 60 hours per week and earns $105,000 per year. She has been offered an executive position in Atlanta with a $175,000 per year salary, plus bonuses and stock options.
Jim and Lisa are struggling over what to do about her job offer. They live in a $400,000 three-bedroom house with a $2,800 per month mortgage. They also feel that things are not quite right. Although they are making a reasonable amount of money, they feel something is missing in their life.

Your Assignment:

Three Scenarios for the Jones Family (1 page each scenario)

Briefly (about one page each) describe three very different scenarios that the Jones family might choose to follow during the next year. In your writing, include the consequences of those three choices/scenarios for the long term (over the next 25 years). These three scenarios should be as different from one another as you can make them. Be as creative as you can and the scenarios do not necessarily have to be closely tied to the background information. For each scenario include basic demographic information like the eventual size of their family, marital status, employment history, religious activity, geographic location, major family achievements, crises, health history, etc. In each story, include the following information:

• Describe the changes, if any, that the Johnson family made in lifestyle and employment.

• Describe the long-term (after 25 years) consequences of these choices.

• Provide any relevant demographic information, such as the eventual size of the Johnson family, their marital status, employment history, church activity, geographic location, major family achievements, crises, health history, and so forth.

Personal Reflection (At least 1 page)

On at least one additional page, reflect on your reaction to this assignment and what you have learned from it. Answer the following questions:

• Which of the pathways that you described most closely represents your intentions for your own life path? Why?

• How should one seek to balance work and family?

• Do you believe that balance is an appropriate term to use in discussions about work and family? Why? If balance is not the most suitable word in this context, what word might be more fitting? Why?

Reference no: EM131683237

Questions Cloud

How many securities need to be held before risk of portfolio : Assume that the average variance of return for an individual security is 50 and that the average covariance is 10. What is the expected variance of a portfolio.
Physical relaxation services at reasonable price : Mr. K’s is a very popular hair salon. It offers high-quality hairstyling and physical relaxation services at a reasonable price.
Estimate the standard deviation of new portfolio : Assume you have all your wealth (a million dollars) invested in the Vanguard 500 index fund, and that you expect to earn an annual return of 12%.
Provide at least two examples of quality indicators : Provide at least two examples of quality indicators that the company may opt to measure and defend its cause-and-effect linkage.
How should one seek to balance work and family : Which of the pathways that you described most closely represents your intentions for your own life path? Why? How should one seek to balance work and family?
What is the cycle time for stage sealing : There are four steps in the manufacturing process of a stuffed toy: cutting, stuffing, sealing, and packaging. What is the cycle time for stage “sealing”
Compare and contrast each sector of the framework : Choose two service companies that you are familiar with such as Facebook, eBay, and UPS, and apply them to Hill's Strategy Development Framework.
Find proportion of the given investor wealth : Every investor in the capital asset pricing model owns a combination of the market portfolio and a riskless asset.
Describe the challenge-trend or change addressed : Describe the challenge, trend, or change addressed by the farm in a few sentences.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd