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Low Cost Term Life Insurance Home Equity Loans

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					                                  SHORT-TERM GOALS (Less than 1 Year)
                                  PRIORITY    ACHIEVED     COST EST.
3 mos. Emergency Funds            high
Pay Off Current Bills             high
Pay Off Credit Card Debt          moderate
Purchase Disability Insur.        moderate
Purchase a 27" TV                 moderate
Fund Summer Vacation              low
Other                             low

                                  INTERMEDIATE-TERM GOALS (1 to 5 or 10 Years)
College Funds (oldest)            high
Save for Kitchen Renovation       moderate
Save for Larger Home              moderate
Finance Daughers Wedding          high
Purchase Vacation Home Land       low
Finance Overseas Trip             low
Other                             low

                                  LONG-TERM GOALS (greater than 5 to 10 years)
College Funds (youngest)          high
Double Retirement Income          high
Care for Parents                  high
Start Business after Retirement   low
Other                             low
                        Net Worth
                        Financial Planning Workshop

                        ASSETS (What You Own)
Cash                          340
Checking                      250
CDs                          1500
Money Market Funds           1500
MONETARY ASSETS              3590

Mutual Funds                  5600
Stocks                        8500
Bonds                         1000
Life Insurance (Cash)            0
Cash Value Annuities             0
Real Estate                      0
INVESTMENTS                  15100

401K & 403B                      0
Company Pension               2500
Keogh                         8000
IRA                           8000
RETIREMENT PLANS             18500

Home                        170000
2nd Home                         0
Time Share                   70000
HOUSING (FAIR VALUE)        240000

Automobile #1                12000
Automobile #2                 3000
Automobile #3                    0
AUTOMOBILES                  15000

Collectibles                  3000
Boats                            0
Furniture                     8000
PERSONAL PROPERTY            11000

Money Owed You                    0
Business Value                    0
Other                             0
Other Assets                      0

TOTAL ASSETS                303190
                           LIABILITIES or DEBT (What You Owe)
CURRENT (Unpaid) BILLS             350

Visa                             1150
MasterCard                          0
Discovery, etc.                     0
CREDIT CARD DEBT                 1150

First Mortgage                 105000
2nd Home Mortgage               52000
Home Equity Loan                 9000
HOME LOANS                     166000

Automobile #1                    3000
Automobile #2                       0
Automobile #3                       0
AUTOMOBILE LOANS                 3000

College Loans                    4000
Loans on Life Insurance             0
Bank Loans                          0
Other                            1000
OTHER DEBT                       5000

TOTAL LIABILITIES (DEBT)       175500


                           NET WORTH
TOTAL ASSETS                   303190
LESS TOTAL DEBT                175500
NET WORTH                      127690
                           INCOME STATEMENT
                           SIMPLIFIED


                           Your Take-Home Pay
Total Income
Less Income Taxes
Less Payroll Deductions
After-Tax Take Home

                           Your Living Expenses
Housing
Food
Clothing & Personal Care
Transportation
Recreational
Medical
Insurance
Other
Total Expenditures

Difference
                        SIMPLIFIED NET WORTH


                        Assets (What You Own)
Monetary Assets
Investments
Retirement Plans
Housing (Fair Market)
Automotive
Personal Property
Other Assets
TOTAL ASSET


                        Liabilities or Debt (What You Owe)
Current Debt:
Current Bills
Credit Card Debt


Long-Term Debt
Housing
Automotive Loans
Other Debt
TOTAL DEBT


NEW WORTH
(Total Assets - Total Debt)

				
DOCUMENT INFO
Description: Low Cost Term Life Insurance Home Equity Loans document sample