Kimberly - Poor Financial Management

Kimberly - Poor Financial Management
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Storyboard Description

Commerce comic strip

Storyboard Text

  • Mark Simpson is a business owner who is doesn't mind spending money on things that don't matter.
  • Mark receives his bills for the month and realizes that his business is no longer making money and he can't pay his bills.
  • He gets a loan from the bank to help him pay all the outstanding bills which he hasn't been paying.
  • Mark pays the bills but can't get the money to repay the loan before the deadline, so he has to pay additional fees such as transaction fees
  • He can't pay the new money he owes so he declares himself bankrupt. Mark gets a bad credit history as a result in future when Mark tries to take out a loan, banks will be more hesitant.
  • He is evicted because he owes more and more money so he gets homeless and goes into depression.
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