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 $500 Miscellaneous costs Eating out $210 50 150 Telephone and Internet costs 125 375 250 150 Rent payment Interest income Income tax withheld Electricity bill Groceries Wages earned Insurance 50 Savings 300 85 Student loan payments 100 2,500 Entertainment costs 100 Transportation costs Personal Budget Typical Month Income Wages earned Interest income Income subtotal Income tax withheld Spendable income Expenses: 2500 50 2550 2850 Rent Utilities Electricity Telephohe and Internet Food Groceries Eating out Insurance Transportation costs Student loan payments Entertainment costs Savings Total investments and experses