Personal Budget At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September October November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $8,030 Purchase season football tickets in September 110 Additional entertainment for each month 280 Pay fall semester tuition in September 4,300 Pay rent at the beginning of each month 390 Pay for food each month 220 Pay apartment deposit on September 2(to be returned December 15) Part-time job earnings each month (net of taxes) 1,000 600