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 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.
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 ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
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