Money Scenario Blog
February 28, 2012 in Consumer Talk
Pick one of the four scenarios given:
Scenario #1: You receive $100 as a birthday gift from a relative.
Scenario #2: You are 30 years old with a steady job. After paying your bills and leaving out other budgeted funds, you have $500 left over.
Scenario #3: You are in college and holding down a job. Money is tight, but you know the value of saving and have managed to pull together $1,000.
Scenario #4: Your retired grandparents are searching for a safe way to keep $5,000 and have ready access to it if they need it.
Briefly describe your decision (of which banking product you would choose and how you would allocate the money) and explain your reasoning. Also, include the benefits and limitations of your choice.
