Worksheet

For NJ Parents

The Family Squeeze Worksheet

Three forces — college, insurance, and tax — are squeezing your family. Fill this in before your session and you'll arrive ten steps ahead. Real money is won or lost here.5 min

1Your FAFSA Base-Year Clock The FAFSA reads your income from two years before college starts.

Oldest child — name & current grade

Expected college start (year)

Your base year (college start year minus 2)

BASE YEAR________

→

FILE FAFSA________

→

FRESHMAN FALL________

If the base year is this year or earlier, decisions are already locking in. That's the urgency.

Other children & their grades (overlapping base years stack)

2The Teen-Driver "Burning Layer" Check A teen driver can contaminate your whole household policy.

Teen driver on our policy now One coming in the next 1–2 years We carry an umbrella policy Auto + home + umbrella bundled with one carrier

Current total annual auto premium

Jump since the teen was added (if known)

More boxes checked = more exposure. The fix is structural, not just shopping for a cheaper quote.

3The §162 "Is It a Real Business?" Test An LLC only works if a genuine business lives inside it.

We already run a business or side venture There's a real profit motive (not a hobby) We have a skill/activity that could become one None of the above yet

If yes — what is the business / activity?

No real business? That's an honest answer, not a dead end — the other two moves still apply.

✓Your Coordination Map The order matters — one move can undo another.

The #1 thing keeping you up at night about paying for college

One question you want answered in your session

Bring this to your Family Success Action Plan session.

NJParentsFightBack.com

For educational use only. Not legal, tax, or financial advice. Tax & LLC strategies require a genuine trade or business and must comply with applicable law (including IRC §162). Consult qualified professionals about your situation. © NJ Parents Fight Back.