Ayla Castano

2 December 2017
8:00am-8:50am
Financial Plan
Age: 20
Net Income: $3,570.50/year (reference exhibit A Income Statement on page 2)
Net Worth: $3,917 (reference exhibit B Balance Sheet on page 3)
Monthly Savings: $500 (reference exhibit A Income Statement on page 2)
Investor Profile: Balanced (reference exhibit C Investor Profile Questionnaire on page 4)
Credit Score: I plan to begin building my credit by applying for a credit card & using it on necessities (gas
& groceries).
Tax Bracket: 15%
Emergency Savings: Mountain America Bank savings account
Life Insurance: $500,000 20-year term policy with AIG insurance
Savings Goals:

#1 Month Long International Trip after Graduation

Goal Amount: $5,500
Start Date: January 1, 2018
Target End Date: September 1, 2018
Time: 9 months
Monthly Investment: $612
Investment: Mountain America Savings Account
Anticipated Annual Return: 0.10%
#2 Pay Off Student Debt
Goal Amount: $5,200
Start Date: May 1, 2018
Target End Date: May 1, 2021
Time: 3 years
Monthly Investment: $146
Investment: Discover online savings account
Anticipated Annual Return: 1.5%
#3 Retirement
Goal Amount: $1,000,000
Start Date: May 1, 2018
Target End Date: May 1, 2060
Time: 43 years
Monthly Investment: $200
Investment: T-Rowe Price Target Date 2060 (TRRLX)
Anticipated Annual Return: around 8%-10%
 Income Statement
Ayla Castano
9/1/2017

Income Month Year

Employment 1 540.00 6,480.00
Employment 2 850.00 10,200.00
Cash Tips 80.00 960.00
Pell Grant /Scholarship 315.04 3,780.50
Investments - -
Total Income 1,785.04 21,420.50

Expenses
Tuition 315.83 3,790.00
Gas 105.00 1,260.00
Groceries 150.00 1,800.00
Clothes 150.00 1,800.00
Personal Hygiene 75.00 900.00
Entertainment 150.00 1,800.00
Savings 500.00 6,000.00
Season Pass 41.67 500.00
Student Loans - -
Rent - -
Utilities - -
Insurance - -
Total Expenses 1,487.50 17,850.00

Net Income 297.54 3,570.50

 Balance Sheet
Ayla Castano
9/1/2017

Assets
Car 3,619.00
Savings Account 1,648.00
Furniture 900.00
Electronics 900.00
Clothes 1,000.00
Snowboard & gear 1,000.00
Bike 100.00
Home -
Investments -
Retirement -
Total Assets 9,167.00

Liabilities
Student Loans 5,250.00
Mortgage -
Car Loan -
Consumer Loan -
Credit Card -
Total Liabilities 5,250.00

Net Worth 3,917.00

Debt Ratio 57%

LT Debt Ratio 34%
 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 cant be too careful.

2. When in doubt, err on the side of caution.
3. Nothing ventured, nothing gained.
2

B. 1. Put safety first, stick with risk free investments.

2. Dont put all your eggs in a few baskets, diversification is important.
3. Put most of your money in your best investment ideas.
2

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.
2

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.
2

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.
2

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.
3

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.
2

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.
3

Personal Finance
Investor Profile Questionnaire Score Card

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

I received a score of 18, and had an "aggressive" investment style, however I

believe I am closer to a balanced investment style than an aggressive one.