You have a net income of $$40000/$year$.$ Your expenses include the following:

Rent: $$800/$month

Insurance: $$225/$semi$-$annually

Car Payment: $$315/$month

Car Expenses: $$1000/$year

RRSP: $$50/$month

Entertainment: $$50/$week

Cell Phone: $$75/$month

Food: $$500/$month

a$.$ Create a budget. $(5$ marks$)$

b$.$ Modify the budget to include a savings plan of $$100/$week$.(2$ marks$)$

c$.$ You paid off your car and have decided to buy a house. Your mortgage payment is now $$\frac{1050}{?}$ month. Modify the budget to reflect this new financial plan. $(2$ marks$)$