Financial Case Analysis for Sandra Hayhoe

Financial Case Analysis for Sandra Hayhoe ------------------------------------------------- Final Project for FN-320 & group A; Prof. C ary Wunsch Gingo Ruiz Financial Case Analysis for Sandra Hayhoe ------------------------------------------------- Final Project for FN-320 & angstrom unit; Prof. C argony Wunsch Gingo Ruiz Financial Case Analysis for Sandra Hayhoe Strengths and weaknesses of the mostone or familys financial situation The weaknesses that I observe in this situation are: * Sandra does not halt a full-time job so her income is limited. * She has lost her health insurance due to his former employer bankruptcy. * She has a negative cash flow of $600 each month. * She does not have a exit so her kids will not draw off her estate because it is assigned to their father (ex-husband). * She has a $4,270 balance on credit cards. The strengths that I find in her situation are: * She has $7,600 in savings. * She has auto liability coverage 100/ccc/50. * She has an IRA account with $8,000 invested in certificates of deposit. * She has a pension course of study from her former employer; which will be a reliable inauguration of income when she reaches age 62.

Correction of any misinformation that the individual or family has virtually financial topics Ms. Hayhoe is under the wrong impression that she will move around all her life but she has to understand that there is a point where she will not be able to abide by working at the same pace so her income will be considerably reduced. Hence she needs to start opinion about saving for retirement as soon as possible. In addition, she is under the impression that she cannot reduced her expenses; however, there are ways to reduce what she is paying in interest on her credit cards as well as simplification a little her auto insurance premium. Comments about the individual or familys cash flow In this aspect, Ms. Hayhoe has to make some adjustments on the way she handles her cash flow. First of all, she has to start asking... If you insufficiency to get a full essay, order it on our website: Orderessay

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