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		$410		Miscellaneous costs		$172
Interest income		41		Savings		41
Income tax withheld		246		Eating out		123
Electricity bill		70		Telephone and Internet costs		103
Groceries		82		Student loan payments		308
Wages earned		2,050		Entertainment costs		205
Insurance		82		Transportation costs		123

Using the information above, prepare a personal budget.

Personal Budget Typical Month
Income
Wages earned		$enter a dollar amount
Interest income		enter a dollar amount
Income subtotal		enter a dollar amount
Income tax withheld		enter a dollar amount
Spendable income			$enter a subtotal of the previous four amounts
Expenses:
Rent		enter a dollar amount
Utilities:
Electricity		enter a dollar amount
Telephone and Internet		enter a dollar amount
Food:
Groceries		enter a dollar amount
Eating out		enter a dollar amount
Insurance		enter a dollar amount
Transportation costs		enter a dollar amount
Student loan payments		enter a dollar amount
Entertainment costs		enter a dollar amount
Savings		enter a dollar amount
Miscellaneous costs		enter a dollar amount
Total investments and expenses			enter a total investments and expenses in dollars
Surplus/Shortage			$enter a surplus or shortage amount in dollars