LIFC 603 – Financial Life Coaching Running head CASE STUDY
WORKING MOTHER Liberty University
Case Study: Working Mother Assignment
Liberty University
, Serena is a 35-year-old single mother of two. She obtained her Associates degree in
business ten years ago. Serena currently works as an insurance adjuster, for the past four
years. She is unmarried a life in a small two-bedroom apartment with her two school aged
children. Serena never had a budget and is not sure where her money is going. She has three
credit cards and is $3800.00 in debt. Most of her debt comes from shopping when she is
feeling lonely, empty, or defeated. She pays her bills monthly but pays the minimum and has
a $4000.00 limit. Her car recently broke down and needs repairs, but money is so tight every
month, she does not know how to get the funds. She’s also considering purchasing some new
furniture from a local company that offers no monthly payment or interest for 12 months. She
remembers her parents forgetting to pay bills, so this seemed like a solution to her. She is
motivated to become financially responsible but doesn’t know where to begin. This paper will
describe Serenas first three coaching sessions.
WORKING MOTHER Liberty University
Case Study: Working Mother Assignment
Liberty University
, Serena is a 35-year-old single mother of two. She obtained her Associates degree in
business ten years ago. Serena currently works as an insurance adjuster, for the past four
years. She is unmarried a life in a small two-bedroom apartment with her two school aged
children. Serena never had a budget and is not sure where her money is going. She has three
credit cards and is $3800.00 in debt. Most of her debt comes from shopping when she is
feeling lonely, empty, or defeated. She pays her bills monthly but pays the minimum and has
a $4000.00 limit. Her car recently broke down and needs repairs, but money is so tight every
month, she does not know how to get the funds. She’s also considering purchasing some new
furniture from a local company that offers no monthly payment or interest for 12 months. She
remembers her parents forgetting to pay bills, so this seemed like a solution to her. She is
motivated to become financially responsible but doesn’t know where to begin. This paper will
describe Serenas first three coaching sessions.
