The All About You feature (available on the book's companion website) emphasizes that 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.

InstructionsUsing the information above, prepare a personal budget. In preparing this budget, use the format found at financialplan.about.com/cs/budgeting/l/blbudget.htm. Just skip any unused line items.

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Rent payment Interest income Income tax withheld Electricity bill Groceries Wages earned $ 400 Miscellaneous costs Savings Eating out Telephone and Internet costs Student loan payments Entertainment costs Transportation costs $110 50 50 150 300 22 90 275 80 250 2,000 100 150 Insurance