1. Prepare a personal balance sheet (see Worksheets and textbook for examples) Remember that you may add to the information to enhance the fact pattern. You may want to consider adding assets and/or debt that were not mentioned. All items on the balance sheet must be explained. 2. Prepare a cash flow statement (see Worksheets and textbook for examples) Remember that you may add information to enhance the fact pattern. You may want to consider adding income or expense items. All items on the income statement must be explained. 3. Employment: Compare current job with new position Prepare a resume for the new position (see Worksheets for example) Recommend action to take - keep current job or take new job and explain the ch Write about financial and nonfinancial advantages and disadvantages Remember that you may add to the information to enhance the fact pattern. You may determine the education and experience for the resume You may determine the type of new job and the salary & benefits of that position well as the benefits, etc. of current position (Note: Benefits may be nonfinancial as well as financial) 4. Credit: Evaluate debt situation Compute personal financial ratios to assess current financial situation. (see Worksheets for example) Recommend action to take - maintain current payments or pay off debt Remember that you may add to the information to enhance the fact pattern. You may determine the specifics about the student loan, credit card, etc. that are not already stated above 5. Housing: Compare current shared apartment to solo new apartment Prepare a chart to compare costs (rent, food, electric, cable, heat, etc.) Recommend action to take - stay in shared apartment or get own apartment Determine what is the best decision financially given all financial concerns and also address nonfinancial matters Remember that you may add to the information to enhance the fact pattern. You may determine the location, size, cost, etc. of the new apartment as compar to the current apartment