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Dave and Sharon Sampson are 3 0 years old and have two children, who are five and six years old. Since marrying seven years ago,

Dave and Sharon Sampson are 30 years old and have two children, who are five and six years old. Since marrying seven years ago, the Sampsons have relied on Daves salary, which is currently $50,000 per year. Sharon recently obtained a part-time job that pays an annual salary of $15,000. Now that Sharon is also earning income, they hope to use her income to accumulate savings for their childrens college education in the distant future and also to buy a new car for Sharon, because her existing car is very old and constantly needs repairs. 1. Help the Sampsons prioritize their financial goals. Specifically, assess whether their primary goal at this point should be saving for their childrens college education in the future, versus buying a new car for Sharon.2.The Sampsons hope that $1,000 per month of Sharons salary can be used to boost their savings. How can they monitor this goal over time to ensure that the money is used in this manner?

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