Budget

Tight Budgets and the Need to Plan

Which of these families most needs to plan its family commitments and related budget items? Family 1:  Wife is a bankruptcy lawyer whose business is booming; husband is an executive at a growing wind-energy company and has just received a nice raise, paid out of growing profits.  The kids are grown.  The couple's two Polish Lowland Sheepdogs are very healthy. Family 2:  Wife is a plant manager for a U.S.-owned automobile company, facing mandatory unpaid time off this year; husband is a travel agent who sells high-end vacation packages to school teachers, planners and other middle-income individuals and families.  Son has graduated from college but cannot find a job and is living at home and working part-time at a burger place.  Daughter will be a college junior next year at an institution that has had its funding cut by the state and has thus announced a 15 percent tuition increase.

April 23, 2009 - Eric Damian Kelly

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