Park University Freuds Personality Theory Finance Case Study

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Introduction

Henry and Joyce are a married couple in their early 60’s. They have been married for 5 years and this is the second marriage for both. They each have three adult children from their first marriage and Joyce has multiple young grandchildren. Henry is a machine operator and Joyce is a nurses’ aide. They bought a house when the first married and have 25 years left on a 30 year mortgage. They also have two car payments and a small amount of credit card debt. One of their two car payments is for a classic car Henry bought that is not needed for transportation to his job. Joyce’s children are all struggling financially to varying degrees. She routinely helps them with groceries and supplies. Henry feels that she is enabling her children to remain dependent on her and should concentrate on their finances. Joyce has concerns that their current mortgage will last into their 80’s, and she is concerned about when they will be able to retire. They are relatively healthy; however, Henry has some arthritis issues that could affect his ability to work in his current profession long term.

ULOs

• List and contrast the six classic and four contemporary theories used in financial counseling

Directions

Choose two theories from the text; one classic and one contemporary. For each theory describe how you would address the case of Henry and Joyce. Include any specific techniques or questions you would use in your approach. Each of the two summaries should be in a range of 150-250 words.