Getting Their Financial House In Order - Page 3 of 3
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Getting Their Financial House In Order

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  
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 WORTH  -$10,445

*According to Kelley Blue Book.


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