Jamie Lee Jackson, age 24, has recently decided to switch from attending college part-time to full-time in order to pursue her business degree and aims to graduate within the next three years. She has 55 credit hours remaining in order to earn her bachelors degree, and knows that it will be a challenge to complete her course of study while still working part-time in the bakery department of a local grocery store, where she earns $450 a week. Jamie Lee wants to keep her part-time job at the grocery store as she loves baking and creates very decorative cakes. She dreams of opening her own cupcake caf within the next five years. She also realizes that by returning to school full-time she will forgo any free time that she enjoys now socializing with friends.

Jamie Lee currently shares a small apartment with a friend and they split all of the associated living expenses, such as rent and utilities, although she would really like to eventually have a place of her own. Her car is still going strong, even though it is seven years old and she has no plans to buy a new one any time soon. She is carrying a balance on her credit card and is making regular monthly payments of $45 with hopes of paying it off within a year. Jamie has also recently taken out a student loan to cover her educational costs and expenses. Jamie Lee also began depositing $1,250 a year in a savings account that earns 3% interest, in hopes of having the $5,000 down payment needed to start the cupcake caf one year after graduation.

Current Financial Situation:

Checking account	$1,360
Emergency fund savings account	$3,650
Car	$5,100
Student loan	$6,500
Credit card balance	$400
Gross annual salary	$2,400
Net monthly salary	$1,670

Based on her personal and household needs and values, use the drop-down menus in each cell below to identify Jamie Lees short-term financial goals, intermediate and long-term financial goals, and non-monetary goals. PLEASE SEE BELOW THE DIFFERENT ANSWER OPTIONS!

Options for Short monetary goals description

• Buy a house
• Obtain a business degree
• Open Cupcake Cafe
• Open a new credit card

Options for Short monetary goals amount needed

• $100
• $1000
• $200
• $400

Options for Short monetary goals months to achieve

• 11-12 months
• 18 months
• 24 months
• 36 months

Options for Short monetary goals action to be taken

• Make monthly payments of $45
• Make monthly payments of $500
• Make monthly payments of $1,500
• Make monthly payments of $1250

Options for Short monetary goals priority

• Low
• Medium
• High

Options for medium and long monetary goals description

• Buy a house
• Obtain a business degree
• Open Cupcake Cafe
• Open a new credit card

Options for medium and long monetary goals amount needed

• $100
• $1000
• $200
• $400

Options for medium and long monetary goals months to achieve

• 11-12 months
• 18 months
• 24 months
• 36 months

Options for medium and long monetary goals actions to be taken

• Make monthly payments of $45
• Make monthly payments of $500
• Make monthly payments of $1,500
• Make monthly payments of $1250

Options for medium and long monetary goals priority

• Low
• Medium
• High

Options for non-monetary goals description

• Buy a house
• Obtain a business degree
• Open Cupcake Cafe
• Open a new credit card

Options for non-monetary goals time frame

• 11-12 months
• 18 months
• 24 months
• 36 months

Options for non-monetary goals action to be taken

• Make monthly payments of $45
• Make monthly payments of $500
• Make monthly payments of $1,500
• Make monthly payments of $125

Short-Term Monetary Goals Amount Description Needed Months to Acheive Action To Be Taken Priority Intermediate and Long-Term Goals Description Amount Needed Months to Acheive Action To Be Taken Priority Non-Monetary Goals Description Time Frame Action To Be Taken