In this task you are required to demonstrate an understanding of how to match

financial services and products to a clients needs.

Steve and Sangita are a young couple with no dependents. Steve is in his last year of an architecture degree, while Sangita is working as a physiotherapist. Steve as a full-time student has no income and they rely upon Sangitas salary until Steve graduates. Both have student loans, but no other debt.

They have just moved into their first rental property together. They have relied on public transport until now, but to afford the rental, they need to move out of the central city. They have $5000 in savings, but dont really want to use all of this for a car, as they would rather have some back up funds. They think they will buy a house one day but are more interested in travelling in the short term.

Based on the scenario above, answer the following questions.

1. Identify the main financial products or services and issues that you consider the young couple will need or should be considering.
2. Identify two markets and two market participants they will most likely use to meet their product and service needs
3. Recommend three financial services or products that would be reasonably likely to be appropriate for the clients needs (using the financial services and products in tasks 3 and 4)
4. In 3-4 sentences for each product you recommend, explain why your recommended solution is appropriate.