Financial Planning for John and Juli Brown

FIN 1011

Table of Contents
Current situation.........................................................................................................................3
Net worth................................................................................................................................3
Budget....................................................................................................................................3
Goals and objectives..................................................................................................................3
Alternatives and evaluation of alternatives................................................................................4
Investment Options................................................................................................................4
Preparation of financial plan......................................................................................................7
References..................................................................................................................................9

Current situation
Net worth
Assets Liabilities
Equity worth $120,000 RRSP Account
John $35000
Juli $30000 $65000
Joint bank investment
account
$50,000
Car $5,000
Total $120,000 Total $120,000
Budget
Particulars Amount
Salaries income
John $70000
Juli $85000 $155000
Interest income ($155000*1.5%) $2325
Gross earnings $157325
Less Monthly expenses $60000
Less pay deductions ($157325*30%) $47197
Net Savings $50128
Goals and objectives
 To purchase a house in public locality
 To have secured future after retirement