Personal Financial Portfolio

1.6d_fp101_fictitious_pfp_profiles.pdf

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PFP Profiles FP/101

University of Phoenix Material

Fictitious PFP Profiles For those of you uncomfortable using your own personal financial data for the Personal Financial Porffilio Project throughout the course, not to worry. We’ve created six fictitious profiles that you can use instead, listed below. Select one profile to use in the course. Pick the one that most closely matches your own situation. Use the same profile for all of the Personal Financial Portfolio assignments. Single Parent Office Worker: Name: Susan Gray Age: 31 Home: Denver, Colo. Family: Single mother with one child, age 8 Job: Office clerk Annual income: $28,920 Credit card debt: $3,300 Monthly rent: $828 Education Goal: Earn an Associate of Arts with a concentration in Hospitality, Travel and Tourism (program cost: $16,700 - $24,500/future earnings potential: average $33,090; range: $18,000 - $54,000) Financial Goal: Save enough to afford a down payment on a house; pay off credit card debt Twenty-Something Part-time Sales : Name: Pat Reilly Age: 22 Home: Philadelphia, Pa. Family: Lives at home with parents Job: Part-time retail sales person (30 hours a week) Annual income: $15,600 Credit card debt: $1,800 Montly rent: $0 Education goal: Earn a Bachelor of Science in Communication with a concentration in Communication and Technology (program cost: $33,800 - $74,575/ potential future earnings: average $52,700; range: $23,990 - $91,180) Financial goal: Move out of parent's house and into a rental apartment Two Incomes/No Kids: Names: Jessica and Kurt Moser Ages: 30 and 29 Home: San Jose, Calif. Family: Married, no children Jobs: Kurt earns a salary of $27,290 as a full-time nursing aide in a hospital; Jessica is a teacher's assistant and earns $23,220 Annual income: $50,510 Credit card debt: $890 Monthly mortgage: $1,400

PFP Profiles FP/101

Education goals: Jessica is working on a Bachelor of Science in Education/Elementary Teacher Education (cost: $33,800 - $56,330/ potential future earnings: average $55,270; range: $34,910 - $81,230) Kurt is working on a Bachelor of Science in Nursing (cost: $33,800 - $63,800/potential future earnings: average $69,110; range: $44,970 - $96,630) Financial goals: Secure higher paying jobs as an RN and teacher after completing degrees; buy a house; build an emergency fund Balancing Two Careers and Two Kids: Names: Kiara and Darnell Gaines Ages: 36 and 37 Home: Austin, Tex. Family: Married, two children, ages 4 and 6 Jobs: Darnell is a surveying and mapping technician and earns $42,050; Kiara earns $23,350 as a pharmacy aide Annual income: $65,400 Credit card debt: $5,600 Monthly mortgage: $544 on a $114,000 house Education goal: Kiara hopes to earn an Associate of Arts in Health Care Administration with a concentration in Electronic Patient Records (program cost: $16,700- $24,500/ future potential earnings: average $35,920; range: $21,680 - $55,170) Financial goals: Pay off credit card debt; save for a down payment on a bigger house

Single Enlisted Woman: Name: Taylor Peterson Age: 21 Home: Ft. Bragg, North Carolina Family: Single, no kids Job: Enlisted infantryman earning $25,880 Annual income: $25,880 Monthly rent: Covered by housing allowance Education goal: Bachelor of Science in Criminal Justice (program cost: $33,800 - $74,575, but Taylor can turn some of her military experience into college credits and save money/ future potential earnings: average $75,720 for criminal investigator; range: $39,660 - $122,290) Financial goal: Buy a car; pay for education Forty-Something Pursuing Second Career: Names: Angela and Frank Wescott Ages: 40 and 42 Home: Madison, Wis. Family: Married, three children, ages 10, 12 and 16 Jobs: Frank earns $59,000 a year as an insurance appraiser, and Angela is a stay-at-home mom who has gone back to school at the University of Phoenix. She earns $13,000 a year offering in-home child care. Annual Income: $72,000 Monthly mortgage: $931 on a $195,000 house Education goal: Angela is working on a Bachelor of Science in Information Technology with a concentration in software design (program cost: $33,800 - $74,575/ future potential earnings: average $92,080; range: $54,980 - $136,490) Financial goals: Pay for Angela's degree; save for retirement; save for college for kids