Jimmy's Monthly Financial Profile Monthly Pay (before taxes) 4,000.00 Monthly Expenses Monthly mortgage payment with taxes and insurance Monthly auto loan payment Monthly credit card payments @4% Other monthly loan payments (college loans) Monthly living expenses Monthly savings Support of his mom Total expenses 1,450.00 419.00 320.00 175.00 750.00 250.00 500.00 3,864.00 136.00 Leftover Mopy ("Discretionary Income") Emergency Savings Fund Jimmy's Credit Card Balances 2,200.00 8,000.00 Assess limmy's Finances: 1. What percentage of his income does Jimmy pay for housing (mortgage payment, property taxes and homeowners insurance)? 1757 2. What percentage of his income goes to Jimmy's credit card payments and car and college loan installments? 59,12 320 + 1917+05/4,000 3. If Jimmy loses his job, how long will he be able to pay his bills without finding a new job? Explain: 4. Do you think Jimmy uses his income wisely? No 5. What advice would you give Jimmy about his finances