Long-term financial planning

Case Scenario:

During in college, Jenny worked part-time and was never concerned about long-term financial planning. Rather than creating a budget, she used her checkbook and savings account (which usually had a very low balance) to handle her financial needs.

As soon as she’s finishing college, she started her career as a teller in the bank.  One year later, her assets consist of a 2010, a computer, some electronic entertainment equipment, and clothing and other personal belongs, with a total value of about $8,200.

Life Situation

Financial Data

Age 25
Starting a career
No dependents

Monthly income


Living expenses






Emergency fund


Question: What are financial actions and revised goals Jenny might want to consider at this time?

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Finance Basics: Long-term financial planning
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