CW 24 1 trenos Jamie Lee Jackson age 2, now a busy full time college student and part time bakery clerk, has been trying to organize all of her priorities, including her budget. She has been wondering if she is allocating enough of her income towards savings, which includes accumulating enough money towards the $9.000 down payment she needs to begin her dream of opening a cupcake care Jamie Lee has been making regular deposits to both her regular, as well as hier emergency savings account She would like to sa down and get a clearer picture of how much she is spending on various expenses including rent utilities entertainment and how her debt compares to her savings and assets. She realizes that she must stay on track and keep a detailed budget if she is to realize the dream of being self-employed after college graduation Use the details below to complete Jamie Lee's personal financial plan to determine her financial position. Each answer must have value for the assignment to be complete Enter for any unused categories Current Financial Situation Assets) Monthly Expres Checking account $1,250 Rent obligation $275 Feromocy fund saving $3100 Uites/electricity 580 OUT Car $4,000 Viewer 545 Computer & Pad 5500 Uite cable TV 560 Liabilities: Food $120 Student loan $5.400 Gentenance $100 Credit card balance $400 Credit card payment $50 Income: Car insurance 550 Gross monthly salary $2125 Clothing 550 Ne monthly salary $1560 Entertainment Savings allocation Cake decorating $35 Reg. savings $150 Movies with friends $50 Rainy day savings $25 24 Assets Liquid assets Checking account balance Savings/money market accounts, funds Cash value of life insurance Other Total quid assets box ences Household assets and possessions Current market value of home Market value of automobiles Furniture Computer electronics, camera Jewelry Other Other Total household assets Investment assets Savings certificates 24 1 Investments Savings Stadswd bends Rerum accounts Mutual funds Other To investment Total assets ces Liabilities Current les Charge account and credit card balance Loan balances Other Total cum Long-term liabilities Mortgage Other Total long-term labies Total Habilities Net Worth (Asset minus bits)