Current Financial Situation

Assets: Income:

Checking account $$4,600$ Gross income $($Jamie Lee$)$ $$53,000$

Savings account $$22,500$ Net income after taxes $($Jamie Lee$)$ $$39,750$

Emergency fund savings account $$20,800$ Gross income $($Ross$)$ $$78,000$

IRA balance $$26,300$ Net income after taxes $($Ross$)$ $$66,300$

Car $($Jamie Lee$)$ $$10,300$ Monthly Expenses:

Car $($Ross$)$ $$18,300$ Mortgage $$1,270$

Liabilities: Property taxes and insurance $$530$

Student loan balance $$0$ Utilities $$210$

Credit card balance $$2,000$ Food $$415$

Car loans $$6,300$ Gas$/$maintenance $$290$

Original purchase price of home $$291,000$ Credit card payment $$265$

Car loan payment $$292$

Entertainment $$315$

find

$-$current replacement value of hom e

$-$additional coverage for iteams with limits on standarrd personal coverage suchas jewlery,firearms, silverware, and photographic,electronic, and computer equipment

$-$dimond wedding set

$-$amount of personal liability coverage disired for possible personal injury claims

$-$if approprite, investiagted flood or earth quakes coverage excluded from home insurance policies

$-$total property insurance needed