Reference no: EM133118450

1. When you look at the total amount of monthly debt payments your clients make, it may seem way too high to a broke college student, or even to a middle-class financial advisor. How would you judge if this amount is overly high for these specific clients though, in their financial situation?

2. What specific amount(s) on their financial statements can you compare that amount of total monthly debt payments to, in order to understand if their debt load is too high or manageable for them?

3. If your clients wanted to get aggressive paying down their debt, what resources could they use, assuming no changes to their financial situation? Be specific here - refer to specific numbers from their personal financial statements.

4. If they wanted to pay their debt more aggressively than just making the required payments, which account(s) do you think they should pay more money on, and why?

5. So far, we've explored monthly payments they are making, or could or should be making. Now let's turn our attention to the total amount of how much they owe. Again, that number may appear overly high to you, but how would you judge if it was too high for them? When you look at the amount of their total debt balance, do you think your clients are in trouble with debt, are they ok, or is it a little bit of both? Back up each of your opinions with specific data from the case narrative or from their financial statements.

What do you think?