WHAT DO YOU RECOMMEND? iStockphoto.com/Sturti Nathan Rosenberg and Avigail Abramovitz are to be married in two months. Both are employed full time and currently have their own apartments. Once married, they will move into Avigail's apartment because it is larger. They plan to use Nathan's former rent money to begin saving for a down payment on a home to be purchased in four or five years. Nathan has a checking account at a bank near his workplace where he deposits his paychecks. He also has three savings accounts-one at his bank and two small accounts at a savings and loan association near where he went to college. Nathan pays about $30 per month in fees on his various accounts. In addition, he has a $10,000 certificate of deposit (CD) from an inheritance, and it will mature in five months. Avigail has her paycheck directly deposited into her account at the credit union where she works. She has a savings account at the credit union as well as a money market account at a stock brokerage firm that was set up years ago when her father gave her 300 shares of stock. She also has $9,300 in an individual retire- ment account (IRA) invested through a mutual fund. WHAT DO YOU RECOMMEND NOW? iStockphoto.com/Sturti Now that you have read the chapter on managing checking and savings accounts, what would you recommend to Nathan Rosenberg and Avigai Abramovitz in the case at the beginning of the chapter regarding: 1. Where they can obtain the monetary asset management services that they need? 2. Their best use of checking accounts and savings accounts as they begin saving for a home? 3. The use of a money market account for their monetary asset management? 4. Their use of electronic banking in the future? 5. How they can best discuss the management of their money and finances? WHAT DO YOU RECOMMEND? iStockphoto.com/Sturti Nathan Rosenberg and Avigail Abramovitz are to be married in two months. Both are employed full time and currently have their own apartments. Once married, they will move into Avigail's apartment because it is larger. They plan to use Nathan's former rent money to begin saving for a down payment on a home to be purchased in four or five years. Nathan has a checking account at a bank near his workplace where he deposits his paychecks. He also has three savings accounts-one at his bank and two small accounts at a savings and loan association near where he went to college. Nathan pays about $30 per month in fees on his various accounts. In addition, he has a $10,000 certificate of deposit (CD) from an inheritance, and it will mature in five months. Avigail has her paycheck directly deposited into her account at the credit union where she works. She has a savings account at the credit union as well as a money market account at a stock brokerage firm that was set up years ago when her father gave her 300 shares of stock. She also has $9,300 in an individual retire- ment account (IRA) invested through a mutual fund. WHAT DO YOU RECOMMEND NOW? iStockphoto.com/Sturti Now that you have read the chapter on managing checking and savings accounts, what would you recommend to Nathan Rosenberg and Avigai Abramovitz in the case at the beginning of the chapter regarding: 1. Where they can obtain the monetary asset management services that they need? 2. Their best use of checking accounts and savings accounts as they begin saving for a home? 3. The use of a money market account for their monetary asset management? 4. Their use of electronic banking in the future? 5. How they can best discuss the management of their money and finances
