How to implement the plan how to evaluate the plan

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Sampson Case chapter 1 Dave and Sharon: 30 years old (married 7 years) / 2 children 5 and 6. Dave’s salary: $48,000 per year Sharon starting p.t. $12,000 Assets Liabilities Home value $100,000 mortgage $90,000 Car A 8,000 Credit cards $2,000 Car B 3,000 Total Liabil. $92,000 Other 9,000 NET WORTH 28,000 Total $120,000 Liab + NW $120,000 Goals: $500 per month savings for new car down-payment. At $5,000 to put to new car $300 per month savings for education Retirement? Financial Goals Goal 1. Purchase new car How to achieve goal How to implement the plan How to evaluate the plan Goal 2. College education in 12 -17 years How to achieve the goal How to implement the plan How to evaluate the plan Goal 3. Set aside money for retirement How to achieve the goal How to implement the plan How to evaluate the plan

Reference no: EM13871542

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