DEVELOPING A BUDGET Anna Lee Star is your neighbor. She knows that you are well-versed in financial matters. she is about to ask you to help her develop a budget. She provides you with the following information . Anna earns $1495.00 in disposable income bi-weekly as a nurse. She also makes $90.00 monthly selling jewelry and cologne to her co-workers. She just bought a house. The price of the house was $412,900.00. She put a 20% down payment on the price of the house and obtained a mortgage for 30 years at 5.5%. Her monthly groceries run at $300.00. Her monthly utility bills run at $150.00. She bought a car. The price of the car was $36,000.00. She put $6000.00 down on the car and obtained a loan for 4 years at 6.5%. Her car insurance runs about $1500.00 a year, Ms. Star spends $200.00 on gas monthly. Her annual health insurance is $1200.00. Ms. Star also spends $170.00 a month on entertainment. Her cell phone runs at $150.00 a month. Her Home phone is $50.00 a month. Her cable bill is $40.00. Her miscellaneous personal expenses are 125.00 a month Monthly income: Salary Other Other Total income Monthly fixed expenses: Car payment.. Car insurance Health insurance.... Other Subtotal Monthly flexible expenses: Cell Phone.... Cable TV Entertainment.... Miscellaneous Subtotal Total expenses Balance What advice would you give Ms. Anna about her current financial situation