Assets Liabilities Cash $ 500 I. Current Bills (unpaid balance) $ 350 Checking $ 1,200 Visa $ 8,000 Savings/CDs $ - Master Card Money Market Funds $ 500 Other Credit Cards Other Monetary Assets $ 90 J. Credit Card Debt $ 8,000 A. Monetary Assets $ 2,290 First Mortgage $ 105,000 Mutual Funds $ 5,600 2nd Home Mortgage $ 100,000 Stocks $ - Home Equity Loan $ 9,000 Bonds Other Housing Debt Life Insurance (cash-value) K. Housing $ 214,000 Cash Value of Annuities Automobile 1 $ 3,000 Investment Real Estate (REITs, partnerships) Automobile 2 Other investments Other Automobile Loans B. Investments $ 5,600 L. Automobile Loans $ 3,000 401(k) and 403(b) $ 2,500 College Loans $ 4,000 Company Pension $ - Loans on Life Insurance Policies Keogh Bank Loans IRA $ 8,000 Installment Loans $ 1,000 Other Retirement Plans Other C. Retirement Plans $ 10,500 M. Other Debts $ 5,000 Primary Residence $ 170,000 2nd Home $ - N. Total Debt (add lines I through M) $ 230,350 Time-Shares/Condominiums Other Housing Net Worth D. Housing (market value) $ 170,000 H. Total Assets $ 207,390 Automobile 1 $ 8,000 N. Less: Total Debt $ 230,350 Automobile 2 $ - O. Equals: Net Worth $ (22,960) Other Automobiles E. Automobiles $ 8,000 Collectibles Boats Furniture $ 11,000 Other Personal Property F. Personal Property $ 11,000 Money Owed You Market Value of Your Business Other G. Other Assets $ - H. Total Assets (add lines A through G) $ 207,390 Income Wages and salaries Wage Earner 1 $ 57,500 Wage Earner 2 $ - Total Wages and salaries $ 57,500 + Interest and Dividends $ 720 + Royalties, Commissions and Rents + Other Income A. Total Income $ 58,220 Taxes Federal Income and Social Security $ 11,830 + State Income $ 1,880 B. Total Income Taxes $ 13,710 C. After-Tax Income Available for Living Expenditures $ 44,510 or Take-Home Pay (line A minus line B) Living Expenses Housing Rent + Mortgage Payments $ 19,656 + Utilities Maintenance, Taxes, Furniture, Other $ 10,820 D. Total Housing Expenditures $ 30,476 Food Food and Supplies $ 5,800 + Restaurant Expenses $ 1,400 E. Total Food Expenditures $ 7,200 Clothing and Personal Care F. Total Clothing and Personal Care Expenditures $ 2,590 Transportation Automobile Purchase + Payments $ 2,588 + Gas, Tolls, Parking, Other $ 1,550 G. Total Transportation Expenditures $ 4,138 Recreation + Vacations $ 2,000 + Other Recreation Expenses $ 1,700 H. Total Recreation Expenditures $ 3,700 Medical Expenditures I. Total Medical Expenditures $ 410 Insurance Expenditures Health + Life $ 420 + Automobile $ 1,260 + Disability $ 260 J. Total Insurance Expenditures $ 1,940 Other Expenditures Educational Expenditures (college loan payment) $ 1,600 + Child Care $ 180 + Other Expenses K. Total Other Expenditures $ 1,780 L. Total Living Expenditures (add lines D-K) $ 52,234 M. Income Available for Savings and Investment $ (7,724)