Question

justin is married with one child. he works 40 hours each week at a rate of $16 per hour. his wife began working part time after their daughter was born, but still contributes about $350 to the cash inflow each month. their monthly cash outflow is generally about $3,000. they have a balance of $2,000 in their savings account. justin has retirement contributions taken out of his paycheck at work. they have renter’s, car and life insurance coverage. based on this information, what part of their financial plan should justin and his wife work on? a. managing income b. managing liquidity c. protecting assets d. retirement

Explanation:

Justin gana $16\times40 = 640$ dólares a la semana, es decir, aproximadamente $640\times4 = 2560$ dólares al mes. Junto con el ingreso de su esposa de $350$, el ingreso total mensual es de $2560 + 350=2910$ dólares, mientras que el gasto mensual es de $3000$ dólares. Tienen un saldo de ahorro de $2000$ dólares. Como el gasto supera el ingreso y el saldo de ahorro puede agotarse rápidamente, necesitan trabajar en la liquidez.

Answer:

b. managing liquidity