Life Situation Financial Data Single Monthly income $1,750 Age 21 Living expenses $1,210 No dependents Personal Property $7,300 College student Saving $2,000 Student Loan $3,000 Credit Card Debt $2,400 Shelby Johnson has a air for grooming dogs and cats. She hopes to open her own pet Salon when she graduates college. She is currently completing her sophomore year in business while working at a local pet store. Shelby has been living with a roommate (Melinda) in an apartment near her work in order to reduce her living expenses. However, she continually uses her credit card to make ends meet. Her personal property consists of a 2005 car ($5,550) that gets great gas mileage, a television set with a DVD player ($400), a digital camera ($50), a laptop computer ($400), clothing ($300), and some furnishings valued at $600 (bed, dresser, lamp, clock, couch) with a total value of $7,300