The All About You feature in this chapter 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 lineitems.

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