Balance Sheet for a College Student 1-Jan-13 ASSETS Monetary Assets Cash on hand Savings account Checking account

Tax refund due Total Monetary Assets Tangible Assets Personal Property Automobile Total Tangible Assets Investment Assets Bonds Mutual Fund Life insurance cash value Total Investment Assets Total Assets LIABILITIES Short-Term Liabilities Utilities bill due Electricity bill due Total Short-Term Liabilities Long-Term Liabilities Student Loans Total Long-Term Liabilities Total Liabilities Net Worth Total Liabilities and Net Worth 13153 $13,153 $13,278 $2,500 $15,778 83.36% 83.36% 84.16% 15.84% 100% 35 90 $125 0.22% 0.57% 0.79% 350 400 500 $1,250 $15,778 2.22% 2.54% 3.17% 7.92% 100% 600 12000 $12,600 3.80% 76.06% 79.86% 250 675 435 568 $1,928 1.58% 4.28% 2.76% 3.60% 12.22%

Cash Flow Statement for a College Student Jan 1, 2012-Dec 31, 2012 Income Salary Interest and Dividends Scholarships Gifts Tax refunds Total Income Expenditures Fixed Expenses Life Insurance Premiums Emergency fund savings Federal Income Taxes State Income Taxes City Income Taxes Social Security Taxes Total Fixed Expenses Variable Expenses Food Utilities Gasoline and Maintenance Medicines Clothing and Upkeep Church Gifts Personal Allowance Total Variable Expenses Total Expenses Surplus (Deficit) 1040 324 780 75 2300 1170 450 600 $6,739 $13,095 $1,730 7.02% 2.19% 5.26% 0.51% 15.51% 7.89% 3.04% 4.05% 45.46% 88.33% 11.67% 2400 540 1673 620 234 889 $6,356 16.19% 3.64% 11.28% 4.18% 1.58% 6% 42.87% 11700 65 2150 760 150 $14,825 78.92% 0.44% 14.50% 5.13% 1.01% 100%

Ratios Liquidity Ratio: $1928/$1235= 1.56 ratio Use this ratio to determine the number of months you could continue to meet your expenses using only monetary assets if income stops coming in. Asset-to-Debt Ratio: Compares total assets with total liabilities $15778/$13278=1.19 ratio

Debt Service-to-Income Ratio: $0/$14825= 0% View of total debt by comparing dollars spent on gross annual debt repayments with gross annual income. Debt Payments-to-Disposable Income Ratio: $0/$950.75= 0% Divides monthly disposable personal income into monthly debt repayments. Investment Assets-to-Total Assets Ratio: $1250/$15778= .079 or 7.9% Compares the value of investment assets to total assets.