The purpose of this assignment is to provide a “hands on” experience to synthesize the personal finance concepts that you have learned throughout the semester by applying them to a “real life” individual or family. YOU are the financial counselor and this individual or family has reached out to you for financial advice. Do not recommend that they see a financial counselor as this is your role in the scenario.
Select a financial case from among the case studies listed under the Case Study Module below. A variety of ages, situations, and financial challenges have been provided. Feel free to add additional assumptions to the case as long as they are realistic for the situation and described in your report.
Prepare a 5-7 page report about the case study including analysis and recommendations.
As of October 2019, APA released the 7th Edition and there are a few notable changes from the 6th edition. Please refer to this link https://www.scribbr.com/apa-style/apa-seventh-edition-changes/ for the changes. As per APA 7th Edition format, the paper should be typed and double-spaced with 1″ margins on all sides using Calibri 11, Arial 11, Lucida Sans Unicode 10, Times New Roman 12, or Georgia 11 font. Please see the attached reference guide to cite sources.
+NOTE: Chapter 13 and sample financial forms and worksheets located in the Durband, Law, & Mazzolini textbook should be used as resources for this assignment.
The financial case analysis should include the following items, as appropriate:
Identification of strengths and weaknesses of the individual or family’s financial situation
Assistance with setting goals
Correction of any misinformation that the individual or family has about financial topics
Comments about the individual or family’s cash flow
Comments about emotional issues related to the individual or family’s financial situation
Calculations of the savings required to reach financial goals
3 to 5 recommended action steps to improve the individual or family’s financial situation
Recommended financial products such as bank accounts, insurance policies, and mutual funds
Available resources that can assist the individual or family to improve their finances
Any other information that you feel is useful to the case
References used to analyze the case (feel free to use your textbooks, class notes, web sites, financial publications, and other resources to assist in your analysis). APA format required.