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Budgeting & Net Worth Assignment ( / 4 6 ) You are the financial advisor for Kelly Walker. She has come to you seeking financial
Budgeting & Net Worth Assignment
You are the financial advisor for Kelly Walker. She has come to you seeking financial advice based on her current financial situation. She has a few financial goals that she would like to achieve and is needing some understanding and direction. As her financial advisor, it is your responsibility to give her proper financial advice and in order to do so you will need to understand her current net worth, budget, tax situation, and investment goals. Using the information below, please answer the questions. Be sure to answer each question in full. If you think that any information is missing, do not hesitate to contact me
Financial Details for Kelly Walker
Chequing Account Balance $
Market Value of Home $
Personal Possessions $
TFSA mutual funds $
Credit Card Balance $ full balance owed at the end of the month
Student Loan $
Monthly Parking Fee $
Monthly Mortgage Payment $
Monthly Life Insurance Payment $
Monthly Utilities Payment $
Monthly Groceries $
Monthly Personal Care Expenses $
Monthly Student Loan Payment $
Monthly Credit Card Payment $monthly interest only payment
Savings Account Balance $
Market Value of Automobiles $
Nonregistered GICs $
Car Loan $ years remaining
Mortgage $ years remaining
Monthly Car Loan Payment $
Annual Property Taxes $
Monthly Car Insurance Payment $
Monthly Phone & Internet Payment $
Monthly Clothing expenses $
Monthly Gifts & Donations $
Annual Net Salary $
Annual Gross Salary $
Complete a balance sheet for Kelly and answer the questions below. Be sure to separate the assets and liabilities into their property category in her balance sheet. For example,
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