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Use Carlos's Budget Worksheet to respond to the statement that follows.CARLOS'S BUDGET WORKSHEET
CATEGORY BUDGET AMT
Wages and bonuses (after-tax) $1,900
TOTAL INCOME $1,900
Rent $450
Gas/electric $115
Cable/Internet $123
Car payment $276
Car insurance $95
Cell phone $65
Credit Cards $106
Gas for car $120
Entertainment (dinners, movies, etc.) $350
Water $12
Groceries $225
Savings $50
TOTAL EXPENSES $1,987
SURPLUS -$87
Problem 1: Carlos is currently spending more each month than he is earning. Explain using complete sentences, three steps Carlos could take to lower his expenses each month.
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