Budgeting and Investment

How would you rate the financial status of the Garners before the air conditioner broke down? The Garners’ take-home pay is over $4,500 a month. Yet, after all expenses are paid, there is only a $220 surplus each month. Based on the information presented in this case, what expenses, if any, seem out of line and could be reduced to increase the surplus at the end of the month? Given that both Joe and Mary Garner are in their mid-30s and want to retire when they reach age 65, what type of investment goals would be most appropriate for them? Post your position in the discussion board in at least 200 words. Respond to at least two of your classmates’ postings. The status of their financial before the air conditioner took a dive is very poor being tha little amount of money was saved.

We can come to this conclusion as it stated in our readings that they were in their mid 30s and had major issues pertaining to money. They look like they needed financial help because they are not economic cleats table and over doing it on expenses. But If you see the cash flow statement there are a couple of things that are seen on it that is questionable on how they manage money. We can see that the expenses on food and household items are as high as the mortgage for the mom. It can be that they are not buying food that can be cooked or overpriced TV dinners. They would have to utilize last energy and take sure showers The other thing that looks like candy out is the entertainment part as they can cut movies outing and the theme park as well. This would be a sacrifice that pays in that and as they can save more I’m on and put money on a ross I are a towards retirement and 529 towards college.