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 $14,000 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 after 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 "0" for any unused categories. Current Financial Situation Assets: Monthly Expenses: Checking account $1,750 Rent obligation $325 Emergency fund savings $4,100 Utilities/electricity $130 account Car $5,000 Utilities/water $95 Computer & IPad $1,000 Utilities/cable TV $110 Llabilities: Food $220 Student loan $6,400 Gas/maintenance $150 Credit card balance $900 Credit card payment $100 Income: Car Insurance $100 Gross monthly salary $2,625 Clothing $100 Net monthly salary $2,060 Entertainment: Savings allocation: Cake decorating class $80 Regular savings $120 Movies with friends $40 Rainy day savings $45 Assets Liquid assets Checking account balance Savings/money market accounts, funds Cash value of life insurance Other Total liquid assets S 0 Household assets and possessions Current market value of home Market value of automobiles Furniture Computer, electronics, camera Jewelry Other Other Total household assets S 0 Investment assets Savings certificates Stocks and bonds Retirement accounts Mutual funds Other Total investment assets Total assets 6 0 $ 0 Liabilities Current liabilities Charge account and credit card balances Loan balances Other Total current liabilities S 0 Long-term liabilities Mortgage Other Total long-term liabilities Total liabilities S 0 S 0 Net Worth (Assets minus liabilities) S 0