Taking Flight

With two incomes, the Knox family is ready for the next step

be far too great for the couple to completely tackle on their own, particularly so late in the savings game. Once they have closed on their new home, they should strive to put aside $800 monthly toward college costs.

Financial Snapshot: KNOX FAMILY Yonkers, NY
HOUSEHOLD INCOME

Gross Income $147,000

ASSETS

Money market account $28,000
Checking account 9,000
2000 Nissan Quest minivan* 5,905
Brokerage account 3,000
Total $45,905

LIABILITIES

Child support $54,900
Student loans (Judith) 30,000
Total $84,900
NET WORTH -$38,995

*ACCORDING TO
KELLEY BLUE BOOK

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