Stanford University Budgetting and Income Case Study

 

 

Goal

The goal is to eliminate a credit card debt of $2,000.
The problem or challenge is to formulate an action plan to eliminate the debt within the time frame of two years. This includes not accruing additional debt in the meantime.
The obstacles to overcome are staying within your budget while paying off the debt in the given time frame.

Role

You are a young adult with a monthly take home pay of $1,500. After expenses for housing, food and transportation you are left with $650 per month. Remember that this is your pocket money for the month.

Audience

You need to convince a credit agent that is helping you get out of debt with your action plan that it will work.

Situation

The challenge involves taking a good look at your budget to determine how much you can put towards the debt monthly.

Product, Performance, and Purpose