Academic journal article Journal of the International Academy for Case Studies

Homeownership Is Not Always a Blessing

Academic journal article Journal of the International Academy for Case Studies

Homeownership Is Not Always a Blessing

Article excerpt

INSTRUCTORS' NOTES

This versatile case is designed for use in Accounting or Finance courses. It is designed (a) to introduce beginning students to some important aspects of financial literacy, including personal budgeting and financial planning and (b) as an entry point for a discussion of real estate law.

Financial Literacy Of The Schmidts.

The Schmidts lacked a basic understanding of planning and budgeting when they decided to buy a house, while car payments, unexpected medical bills, and credit card debt were getting out of control. …

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