11. You have a net income of $40000/year. Your expenses include the following: . . . Rent: $800/month Insurance: $225/semi-annually Car Payment: $315/month Car Expenses: $1000/year RRSP: $50/month Entertainment: $50/week Cell Phone: $75/ month Food: $500/ month . . . a) Create a budget. (5 marks) b) Modify the budget to include a savings plan of $100/week. (2 marks) c) You paid off your car and have decided to buy a house. Your mortgage payment is now $1050/month. Modify the budget to reflect this new financial plan. (2 marks) Copyright 2019 The Ontario Educational Communications Authority. All rights reserved