Module 7: Case Study

Managing Personal Finances Module Seven: Determine Where Cuts Can Be Made
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Transcript

Marvin and Deena have been married for six years now. They met in college and had instant chemistry. Well, they are very happy together. They are weighed down by student loan debt or both of them. They decided that they needed to make some cuts in their budget to get this debt off of their plate. Marvin decided that he was going to quit buying bottled water and would start drinking tap water.

He was drinking six bottles of water a day and it could get expensive. He also decided that he would start carpooling with his neighbor to work because he works at a building down the street from his job. They are both going to roughly the same area so they might as well go together. Tina told Marvin, she was ready to make some cuts. Also, she cancelled all of her magazine subscriptions and started taking showers instead of bass. She also has decided that she would stop buying her daily coffee from the coffee shop and just bring some from home.

Together they're able to strengthen their financial situation.

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