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During in college, Jenny worked part-time and was never concerned about long-term financial planning. Rather than creating a budget, she used her checkbook and savings account (which usually had a very low balance) to handle her financial needs.
As soon as she's finishing college, she started her career as a teller in the bank. One year later, her assets consist of a 2010, a computer, some electronic entertainment equipment, and clothing and other personal belongs, with a total value of about $8,200.
Life Situation
Financial Data
Single Age 25 Starting a career No dependents
Monthly income
$2,600
Living expenses
$2,180
Assets
$8,200
Liabilities
$3,470
Emergency fund
$530
Question: What are financial actions and revised goals Jenny might want to consider at this time?
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