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    Career and Financial Planning

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    Career Decision:
    Life Situation
    Single - Age 21
    No dependents
    College student

    Financial Data Monthly Income $1,750
    Living Expenses $1,210
    Personal property $7,300
    Savings $2,000
    Student loan $3,000
    Credit card debt $2,400

    Shelby Johnson's current employment position, a grooming specialist for a local pet store, provides her with a lot of interesting activities each day. While she is not part of management, she does have the opportunity to use various communication skills, record business transactions, and use current technology tools. Shelby especially enjoys working with the pets and their owners to achieve a pleasing experience. Her income is based on an hourly wage which can result in financial stress during times of inflation. She has previously used her credit cards to help make ends meet each month. However, the experience she is gaining will be especially valuable when she opens her own pet salon in the future.

    A. Identify the positive and negative aspects of her current career.
    B. Make suggestions to relating to current and future career activities
    c. How would you use the Personal Financial Planner sheets for Career Planning (Resume Worksheet and Preparing for an Interview) can be used.

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    Solution Preview

    A The positive aspects of Sheby's current employment position are that she gets to perform interesting and career related activities in her current job. Her experience is pleasing. Further, according to her current earnings, she saves $540 every month.

    The negative aspects of Shelby's current employment are that she is not part of management; she does not use communication skills, business recording skills, and current technology tools. Further, her hourly wage has been a source of financial stress in the past. She has ...

    Solution Summary

    The response provides you a structured explanation of using financial planning information of Shelby for career planning. It also gives you the relevant references.