Jamie Lee Jackson, age $24,$ 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 $$9,000$ down payment she needs to begin her dream of opening a cupcake caf$$ Jamie Lee has been making regular deposits to both her regular, as well as her emergency savings account. She would really like to sit 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 her dream of being self $-$employed college graduation.

Use the details below to complete Jamie lee$$s personal financial plan to determine her financial position. Each answer must have a value for the assignment to be complete. Enter $$o$$ for any unused categories.

Current financial situation

Assets:

Checking account $ $1250$

Emergency fund savings

Account $$3100$

Car $ $4000$

Computer & ipad $ $500$

Liabilities

Student loan $ $5400$

Credit card balance $$400$

Income:

Gross monthly salary $$2,125$

Net monthly salary $$1560$

Savings allocation:

Regular savings $$150$

Rainy day savings $$25$

Monthly expenses $,$ rent obligation $$275,$ utilities$/$electricity $$80,$ utilities$/$water $ $45,$ utilities$/$cable tv $60,$ food $$120,$ gas$/$maintenance $$100,$ credit card payment $$50,$ car insurance $$50,$ clothing $$50,$ Entertainment$-$ cake decorating class $$35$ and movie with friends$$50$