Académique Documents
Professionnel Documents
Culture Documents
April 8, 2018
Age 21
Net Income: $27,600/year (reference exhibit A Income Statement on page 2)
Net Worth: $11,300 (reference exhibit B Balance Sheet on page 3)
Monthly Savings: $392/month (reference exhibit A Income Statement on page 2)
Investor Profile: Balanced (reference exhibit C Investor Profile Questionnaire on page 4)
Credit Score: 700
Tax Bracket: 15%
Emergency Savings: $1,500 Discover Savings Bank (reference exhibit D Savings Comparison on page
5)
Life Insurance: None (reference exhibit E Insurance Comparison on page 5)
Savings Goals:
#1 Emergency Savings:
Goal Amount: $1,500 additional savings
Savings Start Date: April 2018
Targeted End Date: April 2019
Time: 12 months
Monthly Investment: $135/month
Investment: Discover Savings Account
Anticipated Annual Return: 1.5%
#2 Down-payment on car:
Goal Amount: $7,000
Savings Start Date: May 2018
Targeted End Date: December 2019
Time: 1 ½ years
Monthly investment: $360/month
Investment: Discover Savings Account
Anticipated Annual Return: 1.5%
#3 Buy Home:
Goal Amount: $20,000
Savings Start Date: December 2019
Targeted End Date: December 2024
Time: 5 years
Monthly Investment: $333/month
Investment: T. Rowe Price Personal Strategy Growth Fund
Anticipated Annual Return: 8%
1
Exhibit A:
Income Statement
Julianna Braley
Year Ending December 2018
Expenses
Rent 600 7200
Gas - home 25 300
Internet 0 0
Cable 0 0
Electric 25 300
Eating Out 150 1800
Groceries 240 2880
Medical 0 0
Health Insurance 100 1200
Gas-car 160 1920
Car Insurance 100 1200
Car Payment/Car Savings 360 4320
Phone 40 480
Entertainment 100 1200
Other 150 1800
Reoccuring 20 240
Credit Cards 0 0
Summer Tuition Savings Account 125 1500
Fall Tuition Savings Account 166.67 2000.04
Emergency Savings 135 1620
Total Expense 2461.67 9960.04
Net Income 0 0
2
Exhibit B:
Balance Sheet
Julianna Braley
4/10/2018
Assets
Home 0
Car 5,000
Furniture 500
Electronics 1,000
Boat/RV 0
Jewelry 0
Clothing 0
Emergency Savings 1,500
Tuition Fund 500
Investments 0
Retirement 3,000
Total Assets 11500
Liabilities
Mortgage 0
Car Loan 200
Credit Card 0
Consumer Debt 0
Student Loan 0
Total Liabilities 200
3
Exhibit C:
Personal Finance
Investor Profile Questionnaire
For each of the following groups of statements, select the statement that most closely reflects
your financial situation and investment philosophy (circle numbers).
4
Exhibit D:
Online Savings
Exhibit E: