The Reality of Their Personal Finances: However, its obvious with their level of debt that they have been spending way more than they earn each month. This couple really needs to find out where all of their extra money is going.
He ran two local businesses, had taken a year out to travel around the world, played numerous sports at amateur level and had educated himself at first class honors degree level. He was always a very social and happy person.
John was also in a long-term relationship and was looking at starting a family. John was travelling in India and sustained a high level spinal cord injury. He is now tetraplegic. Since his injury, John has tried to maintain as independent and fulfilling a life as possible.
If he was to describe himself, John would say he was an independent person who is very active in the disability community.
John is a person who has no specific diary but loves variety. John keeps himself extremely busy socially and in the voluntary community and is proud of how he has retained his independence. John now manages a company which provides services around supporting disabled people.
He is a trustee of two national charities, which support people to achieve independence while still living with disabilities. Maintaining his life choices, independence and having the ability to manage his own environment is essential to John and it is central and fundamental to him feeling in control of his life.
Subsequently he requires assistance from others to perform any physical activity and requires support with all personal and social care needs, such as getting showered and dressed, moving and transferring, eating, drinking, meal preparation and taking medications.
John is dependent upon the support of his personal assistants PAs to support all of his activities of living. He uses an electric wheelchair; a mobile hoist to move and transfer him and he has access to assistive technology to use his computer.
All of this has an effect on his emotional wellbeing. This can manifest itself in numerous ways and John can socially isolate himself at times and become depressed. John attends a counselor on a weekly basis which he funds himself; and he takes prescribed medication from his GP during periods of sustained depression.
These episodes of low mood can be unpredictable. John has a long term urinary catheter to help him manage his bladder and regularly experiences urinary tract infections. Due to the nature of his disability and injuries John is at risk of experiencing episodes of autonomic dysreflexia. When John is in bed or chair he is completely reliant on others for everything.
John has had previous experiences of pressure ulcers and knows how debilitating and painful they can be, so he is keen that measures are in place so they are prevented.
John is also prone to chest infections. As he is immobile, secretions can become thick and sticky and prone to infection. On occasions his PAs need to provide some basic chest physiotherapy to loosen any secretions he has and assist him to cough.
A chest infection can be extremely debilitating for John, restricting his activities even further. He aims to phase out the use of agencies and become responsible for the recruitment and training of his own personal assistants, who are reliable and consistent.This is a basic personal finance system so we will consider the following components; Projected income – this is the money that you expect to earn now and in the future.
Budget – this is a list of the items that you expect to buy, quantities and their respective prices. Personal Budget Suggestion.
As my personal budget table is shown, my total income is all from my parents’ contribution per month. I have not done a part-time job. Case study budgeting. Katie's budget reality check. Hi, my name's Katie and I am a year old uni student. MoneySmart's budget planner really opened my eyes to what I'm spending and helped me get a saving plan together..
I've already saved $10, over the last few years from my part-time job but I want to save more so I can have money to put towards a deposit on a flat in about 5 years time. Try Case Studies! NGPF Case Studies present personal finance issues in the context of real-life situations with all their ambiguities.
Students have the opportunity to explore decision-making through discussion, practice empathy, evaluate different courses of action, develop communication skills in group settings, and are forced to make. Personal allowance is the amount of money a person can earn before they are required to pay taxes to the Government.
The individual personal allowance will increase by £ from £7, to £8, from 6 April and again to £9, from 6 April Case study budgeting. Katie's budget reality check. Hi, my name's Katie and I am a year old uni student. MoneySmart's budget planner really opened my eyes to what I'm spending and helped me get a saving plan together..
I've already saved $10, over the last few years from my part-time job but I want to save more so I can have money to put towards a deposit on a flat in about 5 years time.