NE CALCULATOR PRINTER VERSION * RACK Expand Your Critical Thinking 22-06 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 $500 Miscellaneous costs $210 Interest Income 50 Savings SO Income tax withheld 300 Eating out 150 Electricity bill 85 Telephone and Internet costs 125 Groceries 100 Student loan payments 375 Wages earned 2,500 Entertainment costs 250 Insurance 100 Transportation costs 150 Using the information above, prepare a personal budget. Personal Budget Typical Month Income Wages earned Interest income Income subtotal Income tax withheld Spendable income ignment s Spendable income $ Expenses: Rent Utilities: By Electricity Telephone and Internet Food: Groceries Eating out Insurance Transportation costs Student loan payments Entertainment costs Savings Miscellaneous costs Total Investments and expenses SOURCES Electricity gnment ritical Telephone and Internet Food: by Study Groceries Eating out Insurance Transportation costs Student loan payments Entertainment costs Savings Miscellaneous costs Total investments and expenses Surplus/Shortage $ ninnaalaanaaaaanaal han g