Book Print Ferences Income: Checking account Savings account $4,800 Gross income (Jamie Lee) $55,000 Emergency fund savings account $22,700 Net income after taxes (Jamie Lee) $41,250 IRA balance Car (Jamie Lee) Car (Ross) Liabilities: Student loan balance Credit card balance Car loans $21,000 Gross income (Ross) $80,000 $26,500 Net income after taxes (Ross) $68,000 Original purchase price of home $10,500 Monthly Expenses: $18,500 Mortgage Property taxes and insurance $0 Utilities $2,000 Food $6,500 Gas/maintenance $290,000 Credit card payment Car loan payment Entertainment $1,300 $550 $220 $425 $300 $275 $294 $325 Real Property (not applicable to renters) Current replacement value of home Personal Property $ 302,000.00 Estimated value of appliances, furniture, clothing, and other household items (conduct an inventory) $ 21,000.00 Type of coverage for personal property Replacement value Additional coverage for items with limits on standard personal coverage such as jewelry, firearms, silverware, and photographic, electronic, and computer equipment Diamond wedding band set $ 2,000.00 Personal Liability Amount of additional personal liability coverage desired for possible personal injury claims $ 500,000.00 Specialized Coverages If appropriate, investigate flood or earthquake coverage excluded from home insurance policies $ Total Property Insurance Needed 0.00 $ 354,500.00