Personal Finance Case- develop a solution a road map advice for the Case Study

Personal Finance - develop a solution a road map advice for the families - Case Study ExampleTheir credit bill sticker debt is an indication that Bruce and Faith are living beyond their means. This is supported by the fact that they do not have some(prenominal) cash savings with them. It is grave for this couple to save at least ten percent of their earnings and hold it in liquid cash so that it can cover any emergencies since their assets cannot be easily liquidated. Bruce and Faith should consider travelling to shorter destinations and drop their plans for a new car that they are to planning to buy. This will assist them save coin to pay their mortgage and meet the expenses that come as a result of late parenthood. They can also consider cutting their expenditure for their daughters wedding by half and use that m whizzy to increase their bank savings. This will increase their net worth.The couple should also consider using some(prenominal) their employers health covers, take u p disability insurance cover and have a retirement account. This will reduce their taxable income. If the couple gets the one hundred and fifty thousand dollar inheritance from Faiths father, they should use it to clear their mortgage and other debts. The remaining amount should be arrange in long term investment to increase their net worth.An overview of Peggy Bries case shows that though widowed at an age that is eight years beneath the average widow age, she can meet her financial obligations without too much struggle. Her strategy should be to use the amounts from her preserves life insurance policy, wrath and inheritance to clear her debts. This will result in an increased disposable income for her as almost half of her salary goes to paying debts. If she manages to do this, then her worries more or less how to maintain her house will be over as she will be able to live comfortably with her children. Brie should go ahead and use her husbands life insurance policy funds to pay for her mortgages so that she can be able to use