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 $9,500 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 "O" for any unused categories. Current Financial Situation Assets: Checking account Emergency fund savings account Car Computer & IPad Liabilities: Student loan Credit card balance Income: Gross monthly salary Net monthly salary Savings allocation: Regular savings Rainy day savings Monthly Expenses: $1,300 Rent obligation $3,200 Utilities/electricity $4,100 Utilities/water $550 Utilities/cable TV Food $5,500 Gas/maintenance $450 Credit card payment Car Insurance $2,175 Clothing $1,655 Entertainment: Cake decorating class $155 Movies with friends $30 $280 $85 $50 $65 $130 $105 $55 $55 $55 $35 $55 Assets Liquid assets Checking account balance $ 1.300 32 $ 1,300 10 points Assets Liquid assets Checking account balance Savings/money market accounts, funds Cash value of life insurance Other Total liquid assets $ 3,200 Skipped 4,500 look Print Household assets and possessions Current market value of home Market value of automobiles Furniture Computer, electronics, camera Jewelry Other Other Total household assets References 0 Investment assets Savings certificates Stocks and bonds Retirement accounts Mutual funds Other Total investment assets Total assets 4,500 Liabilities Current liabilitiae points Mutual funds Skipped Other Total investment assets Total assets 4,500 eBook Habilities Current liabilities Charge account and credit card balances Loan balances Print Other Total current liabilities $ References Long-term liabilities Mortgage Other Total long-term fiabilities Total liabilities Net Worth (Assets minus liabilities) $ 4,500