also consider the Michigan Education Trust, a prepaid college tuition plan under the 529 plan rules.
Financial Snapshot: Danny and Shante Quinzy
|
HOUSEHOLD INCOME |
|
| Gross Income | $139,000 |
| ASSETS | Â |
| Value of Home | $310,000 |
| 401(k)s | 37,000 |
| Savings and Checking Accounts | 5,000 |
| Stock | 3,000 |
| Value of Cars* | 44,555 |
| Total | $399,555 |
|
LIABILITIES |
|
| Mortgage | $300,000 |
| Student Loans | 60,000 |
| Credit Card Debt | 20,000 |
| Car Loans | 30,000 |
| Total | $410,000 |
| NET WORTHÂ | -$10,445 |
*According to Kelley Blue Book.