Personal budget At the beginning of the school year, Joe Student 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: DATA Cash balance, September 1 (from a summer job) $8,700 Purchase season football tickets in September 170 Additional entertainment for each month 270 Pay fall semester tuition in September 4,500 Pay rent at the beginning of each month 650 Pay for food each month 600 Pay apartment deposit on September 2 (to be returned December 15)