Family+Scenario

Family Emergencies

Choose 2 of the emergencies below and describe how you think your family should respond to each. This is an individual exercise.

1. Dad wants the bathroom and kitchen remodeled. After all the estimates, the family settles on a price of 20,000 dollars. How are you going to pay for it? Subtract from your monthly budget. First of all I’m going to get some good workers from wherever I find them then I will add my own time and it wont cost so much as if it was done professionally Then I will bargain with the workers and lower the prices then I will settle on 10,000 and from our monthly. I would tell them I will give them their money once a month at first I will take our 5,860.90 that both parents make and just give that to them as a first up pay we would live in debt foe a little while

2. Dad loses his job. Now what? Identify the changes your family must make. We would be really short on money I would have to take a cold lunch and we got to shorten our groceries list and we would have to buy a little bit of stuff and we would be on welfare and food stamps and stuff like that