Jeremy is a full-time student who lives with family. He pays a small amount toward...
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Jeremy is a fulltime student who lives with family. He pays a small amount toward household expenses. He works about hours per week at $ per hour. Jeremey receives a grant that covers some of his education expenses. He sets aside funds every month to cover the remaining education costs that will be due at the beginning of each semester. He eats about half of his meals at home and purchases the remaining meals. He is allowed $ per week to cover meals and other personal expenses. With the rise in fuel costs, Jeremy has a very tight budget and there is not a lot of room for extras or managing emergencies. Employment Income: $ Household expenses $ Education savings $ Car Payment $ Car Insurance $ Gas $ Meals and personal expenses $ Cell phone $ After reviewing the information shared regarding Jeremy, consider how he might be able to realistically prepare for unexpected expenses. Scenario: Jeremy is surprised to find that his car won't start when he is planning to leave for work. His shift starts in less than minutes, and he works eight miles from home. Luckily, Jeremy was able to reach a coworker who had agreed to make the inconvenient detour and pick him up for work. Jeremy works the latenight closing shift, and his coworker is off two hours earlier, so he will have to arrange for a ride home. He has class and work the following day, so being without personal transportation is a major issue. Provide at least two specific and realistic suggestions you have for how Jeremey might address this situation. Each suggestion should be a minimum of complete and substantive sentences. Fully explain your suggestion to include the timeframe involved. Please avoid simple and nonspecific responses such as He can cut back and save to buy a new battery" or He can eat out less." If you use these types of statements, include additional information to specifically explain your suggestion and the timeline for the situation to be resolved.
Jeremy is a fulltime student who lives with family. He pays a small amount toward household expenses. He works about hours per week at $ per hour. Jeremey receives a grant that covers some of his education expenses. He sets aside funds every month to cover the remaining education costs that will be due at the beginning of each semester. He eats about half of his meals at home and purchases the remaining meals. He is allowed $ per week to cover meals and other personal expenses.
With the rise in fuel costs, Jeremy has a very tight budget and there is not a lot of room for extras or managing emergencies.
Employment Income: $
Household expenses $
Education savings $
Car Payment $
Car Insurance $
Gas $
Meals and personal expenses $
Cell phone $
After reviewing the information shared regarding Jeremy, consider how he might be able to realistically prepare for unexpected expenses.
Scenario: Jeremy is surprised to find that his car won't start when he is planning to leave for work. His shift starts in less than minutes, and he works eight miles from home. Luckily, Jeremy was able to reach a coworker who had agreed to make the inconvenient detour and pick him up for work. Jeremy works the latenight closing shift, and his coworker is off two hours earlier, so he will have to arrange for a ride home. He has class and work the following day, so being without personal transportation is a major issue. Provide at least two specific and realistic suggestions you have for how Jeremey might address this situation.
Each suggestion should be a minimum of complete and substantive sentences. Fully explain your suggestion to include the timeframe involved. Please avoid simple and nonspecific responses such as He can cut back and save to buy a new battery" or He can eat out less." If you use these types of statements, include additional information to specifically explain your suggestion and the timeline for the situation to be resolved.
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