Stretching Dollars Further

The Adams family is striving to be more efficient on one income

Theresa & Tony Adams

HOUSEHOLD INCOME

Gross Income $50,000
ASSETS  
Checking $200
Money Market 5,000
(401k) Tony 20,000
(401k) Theresa 38,000
Value of Home 300,000
Value of Car* 14,000
Total $377,200

LIABILITIES

Mortgage $171,000
2nd Mortgage 33,000
Car Loans 5,000
Credit Card Debt 2,000
Total $211,000
NET WORTH $166,200

*ACCORDING TO KELLEY BLUE BOOK.

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