| MANAGING MONEY Background:
You have just graduated from college
and have received an offer for your
dream job (annual salary: $35,000). This
premium salary is a reward for your hard
work, perseverance, and good grades. It is also a reward
for the social skills you developed in college doing service
work as a tutor for high school students and interacting with
the business community as the program chairman of the
college business fraternity, Delta Sigma Pi. You are engaged
and plan to be married this summer. You and your spouse
will have a joint income of $60,000, and the two of you are
trying to decide the best way to manage your money. Task:
Research available financial service institutions in your area, and answer the following questions.
| 1. | What kinds of institutions and services can you use to help manage your money? | | 2. | Do you want a full service financial organization that can take care of your banking, insurance, and investing needs or do you want to spread your business among individual specialists? Why have you made this choice? | | 3. | What retirement alternatives do you have? |
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