5) Based on the following information, create a Cash Flow Plan (Budget), breaking out Fixed Expenses and Variable Expenses (20 pts). Does Joe have a surplus or shortfall? (1 pt) As it stands, how much could Joe afford each month to put towards creating a Life Happens Account? (1 pt) Where might Joe consider cutting back spending? (2 pts) Joe brings home $4000 a month from his monthly paycheck. He has the following expenses: | Rent Renter's Insurance Car payment Gas for car Car Insurance Groceries Restaurants Gaming Accts In game purchases Gas Electric Charities Clothing Phone Internet TV Networks $1000 $25 $400 $150 $100 $300 $200 $30 $140 $25 $150 $60 $500 $50 $50 $50

Based on the following information, create a Cash Flow Plan (Budget), breaking out Fixed Expenses and Variable Expenses (20 pts). Does Joe have a surplus or shortfall? (1 pt) As it stands, how much could Joe afford each month to put towards creating a Life Happens Account? (1 pt) Where might Joe consider cutting back spending? (2 pts) Joe brings home $4000 a month from his monthly paycheck. He has the following expenses