The Financial Process

Jan and Bill Smith need help developin" rel="nofollow">ing a fin" rel="nofollow">inancial plan, creatin" rel="nofollow">ing a budget, examin" rel="nofollow">inin" rel="nofollow">ing their current fin" rel="nofollow">inancial services and managin" rel="nofollow">ing their use of credit. They have $5,000 in" rel="nofollow">in credit card debt toward which they pay $200 a month, a $400 monthly car payment, and a $1,000 monthly mortgage payment. They have less than $4,000 in" rel="nofollow">in savin" rel="nofollow">ings. Their annual household is $60,000 a year. They are considerin" rel="nofollow">ing buyin" rel="nofollow">ing a second new car sin" rel="nofollow">ince one car is older but paid off. They are also deliberatin" rel="nofollow">ing whether to sell their house and buy another one, but they have not made any decisions yet They also know they need to reduce their credit card debt. create a plan for savin" rel="nofollow">ing, and develop an overall fin" rel="nofollow">inancial plan. Identify the strengths and weaknesses of Jan and Bill's current fin" rel="nofollow">inancial scenario and describe the fundamental steps in" rel="nofollow">in the fin" rel="nofollow">inancial plannin" rel="nofollow">ing process that Jan and Bill could take to improve their overall fin" rel="nofollow">inancial outlook. Create measurable fin" rel="nofollow">inancial goals for Jan and Bill Smith. Explain" rel="nofollow">in the key steps in" rel="nofollow">involved in" rel="nofollow">in implementin" rel="nofollow">ing the goals you have created. Discuss the decisions that Jan and Bill Smith should make concernin" rel="nofollow">ing their housin" rel="nofollow">ing and automobiles. Explain" rel="nofollow">in the fundamental reasons why they should or should not purchase a new car or home. Explain" rel="nofollow">in two (2) factors they must consider in" rel="nofollow">in makin" rel="nofollow">ing the decisions before them. Compare two (2) different methods that Jan and Bill could use in" rel="nofollow">in order to buy a new car based on your Internet research. 10. The Demand of Health Care Services Workshop Proposal Imagin" rel="nofollow">ine you have been asked to deliver a two-part in" rel="nofollow">informative workshop at a local health care expo by your Director of Community Outreach. Before he approves your workshop, you have to submit a proposal for each workshop that discusses the content you would like to present. The first half was geared to the health consumer while this second half of the workshop is more detailed and provides health care admin" rel="nofollow">inistrators with better understandin" rel="nofollow">ing of fin" rel="nofollow">inancial and economic tools used in" rel="nofollow">in the health care in" rel="nofollow">industry, particularly cost-benefit analysis. It is important that your audience understands possible challenges in" rel="nofollow">in the cost of health care services as well as what impact consumers and health care reform have on the availability of health care services. Discuss a specific population within" rel="nofollow">in health care (e.g., people with diabetes, people with mental health, etc.) and their needs.