Case Study of the Week: Spend, Spend, Spend!

Nov 18, 2024

Personal Financial Literacy

You are to assume the role of a personal finance advisor. A new client is having difficulties saving and has asked you for help.

A new client started their first professional job after college two months ago and is excited to have a steady salary. This is the most money the client has ever made and the client is having a difficult time saving. Instead, the client is enjoying being able to join friends on vacations, dinners out and to events that were previously out of the client’s budget.

The client knows that saving is important, but also does not want to miss out on any special times with friends.

You must explain external influences that impact saving, methods to overcome the obstacles to saving and how not to fall into old spending habits once the client begins to save.

Questions?

Randi Bibiano
Competitive Events Specialist
randi@deca.org

Randi Bibiano is DECA's competitive events specialist. In this role, she conceptualizes and authors role-play scenarios for the collegiate and high school division’s competitive events programs. She also manages DECA's online competitive events and serves as a liaison to volunteer efforts at DECA's educational conferences.

Discussion Questions

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Classroom Connection

Career CLuster:

Personal Financial Literacy

Instructional Area(s):

Spending and Saving

Performance Indicators:

Explain how external influences (e.g., peers, family, or social media) can impact personal savings decisions
Identify strategies to manage psychological and emotional obstacles to saving
Discuss strategies for avoiding personal triggers that result in deviating from a savings plan