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Financial Plan for Julianna Braley

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

Income Monthly Annual


CaptionCall 1200 14400
Investments 30 360
Tax Return 250 3000
Rent Help 600 7200
Utility Help 50 600
Health Insurance Help 100 1200
Car Insurance Help 100 1200
Spring Tuition Help 166.67 2000.04
Summer Tuition Savings Account 125 1500
Fall Tuition Savings Account 166.67 2000.04
Additional Scholarships 0 0
Total Income 2496.67 29960.04

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

Net Assets 11300

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).

A. 1. One can’t be too careful.


2. When in doubt, err on the side of caution.
3. Nothing ventured, nothing gained.
B. 1. Put safety first, stick with risk free investments.
2. Don’t put all your eggs in a few baskets, diversification is important.
3. Put most of your money in your best investment ideas.
C. 1. Receiving dependable income is more important than growth.
2. Income and growth are equally important.
3. Growth is more important than current income.
D. 1. I prefer conservative investments.
2. I like to have a mix of conservative and growth oriented investments.
3. I want growth and am willing to risk significant capital to achieve it.
E. A respected friend suggests the time is right to invest aggressively, you
1. Refuse to take more risk.
2. Invest a portion of your savings.
3. Invest all your savings.
F. You win a contest and can choose among three prizes, which do you select?
1. Receive $5000 today.
2. Receive $2000/year for 5 years.
3. Receive $25,000 10 years from now.
G. An emergency requires $10,000 unexpectedly, you
1. Have to liquidate all your investments.
2. Have to liquidate 25% of your investments.
3. Could handle it without liquidating any of your investments.
H. The stock market is dropping in value, you would sell your investments after
1. A 10% drop in value.
2. A 20% drop in value.
3. I would not sell in a down market.

Investor Profile Questionnaire Score Card


Total Score:
8-10
Conservative
11-14
Income
15-17
Balanced
18-21
Growth
22-24
Aggressive

4
Exhibit D:
Online Savings

Bank Interest Min Fees

Discover 1.49% $0 N/A

Marcus 1.5% $0 N/A

Capital One 1.0% $0 N/A

Memory Bank 1.6% $50 $8.95

Ally Bank 1.35% $1 None

Exhibit E:

Insurer Amount 10 year 20 year 30 year Universal Rating

Legal and General $500,000 $14.19 $19.81 $28.38 A+

Transamerica $500,000 $14.62 $20.64 $28.21 A+

Protective $500,000 $15.48 $20.64 $30.10 A+

Prudential $500,000 $124.40 A+

AIG $500,000 $127.61 A

Mutual of Omaha $500,000 $128.15 A+

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