In order to get your personal finances under control you need to prepare a personal budget. Assume that you have compiled the following information regarding your expected cash flows for a typical month Rent payment $620 Miscellaneous costs $256 Interest income Savings Income tax withheld Eating out Electricity bill Telephone and Internet costs Groceries Student loan payments 476 Wages earned 3.100 Entertainment costs 310 Insurance Transportation costs 136 62 372 112 124 62 186 166 124 Using the information above, prepare a personal budget. Personal Budget Typical Month Income Wages eamed Interest income Income subtotal Income tax withheld Spendable income Expenses: Rent Utilities Electricity Telephone and internet Food