The budget and 50-30-20 rule from exercises 14 and 18 .

Evaluate the given budget with respect to the 50-30-20 budget philosophy guidelines.

Data from Exercises 18

Referring to Exercise 14: Monthly income \(=\$ 3,250.00\)

Determine the amount of money that should be allocated to each of the three categories of the 50-30-20 budget philosophy guidelines.

Data from Exercises 14

Per month: paychecks \(=\$ 2,750\), child support \(=\$ 500\), Mortgage \(=\$ 945.50\), Utilities \(=\$ 195\), Cell phone \(=\$ 37.50\), Car payments \(=\$ 298.23\), Car insurance \(=\$ 163.50\), Student loans \(=\$ 438\), Food \(=\$ 250\), Gasoline \(=\$ 175\), Internet \(=\$ 49\), Netflix \(=\$ 15\), After school care \(=\$ 711\), Credit cards \(=\$ 150\), entertainment \(=\$ 150\)

Create the budget, including totals and how much the income exceeds or falls short of the expenses, based on the information given.