For Part l of tha assignment, you will complete the following pieces of your own personal financial plan Financial (Cash flow) Management. - Ind cate whether each expense categrioy is a need or a want Assets Personal assets Car- $5000 =$5000 Liquid assets Emergency savings account $4,100 Checking account-\$2,150 =$6,250 Total assets =$11,250 Liabilities Current liabilities Credit card balance- $500 =$500 Long term liabilities Student loan-\$6,200 =$6,200 Total liabilities =$7,700 Net worth $11,250$7,700=$3,550