Rodger (32) and Amelia (34) have been married for seven years, and they have a son who just turned 3. Rodger works full-time as a technology coordinator (earning $40,000 annually) and would like to become a director eventually. Amelia is a staff member at the local university, where they receive free childcare for their son, and has plans to become a development officer. They have discovered the need for a second vehicle. They would also like to have another child within the next two years. Amelia is a little worried about Rodger's diet and exercise habits and wants to ensure they both set a good example for their children. They live in an apartment that costs them $1,200 a month and would eventually like to own a home one day. Use the data below for Rodger and Amelia:

Estimated Cash Flows for Rodger and Amelia

Cash Inflows	Monthly	Annual
Rodger's Salary	$ 3,333	$ 40,000
Amelia's Salary	$ 4,583	$ 55,000
Cash Outflows	Monthly	Annual
Rent Payment	$ 1,200	$ 14,400
Utilities	$ 350	$ 4,200
Cell Phones, TV, Internet	$ 275	$ 3,300
Groceries	$ 500	$ 6,000
Food away from home	$ 300	$ 3,600
Student loan payment	$ 400	$ 4,800
Auto maintenance	$ 75	$ 900
Health insurance	$ 300	$ 3,600
Auto insurance	$ 250	$ 3,000
Tax withholding	$ 1,500	$ 18,000
Credit Card Payments	$ 800	$ 9,600
Clothing & Personal Care	$ 350	$ 4,200
Appliance, Furniture, and Equipment	$ 100	$ 1,200
Entertainment	$ 300	$ 3,600
Children's Activities	$ 200	$ 2,400
Charitable contributions	$ 150	$ 1,800
Gifts	$ 150	$ 1,800
Miscellaneous	$ 200	$ 2,400

Summarize their current cash flow situation. (Minimum 50 words)
Identify four items based on the information provided that could help them reach their financial goals.
Explain what you would do if you were Rodger or Amelia. (Minimum 50 words)

Section II: Strategies to Support Short-Term Goal

Discuss which strategy (borrowing or saving) is recommended and why for each of the following financial short-term goal examples

Goal	Strategy Recommendation
Building an Emergency Fund
Going on a study abroad trip next semester.
YOUR SHORT-TERM FINANCIAL GOAL =

Listed below are different ways to fund goal attainment. For each financial goal listed, choose a specific funding method that corresponds with the goal strategy you selected above. For each financial goal, clearly explain why this funding method was your choice, given the other methods that could support the funding strategy you selected above.

Funding Methods
Mortgage	MMDA	Savings Account
Credit Card	CD	Mutual Fund
Stafford Loan	Bank Loan	Private Loan
Title Loan	Payday Loan	Stocks
MMDA	Checking Account	Bonds

Short-Term Goal	Funding Method & Explanation
Emergency Fund - Method =
Explanation =
Study Abroad - Method =
Explanation =
YOUR GOAL - Method =
Explanation =

Section III: Emergency Fund...and YOU

If you do not have an emergency fund started already, write up a S.M.A.R.T. financial goal to create one and specify how much you would want to have within the next 12 months. If you already have an emergency fund started, write up a S.M.A.R.T. financial goal to reach a specific amount within the next 12 months.

S
M
A
R
T

	Unexpected Expense
List one unexpected expense that you have had before.
Why is it considered an unexpected expense?
How would you deal with it if it happened and you were not prepared?
How would you include it in a spending plan?
How can an unexpected expense hinder your short-term goals if you are unprepared?