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Prepare a personal budget

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Reference no: EM131806513

In order to get your personal ?nances under control, you need to prepare a personal budget. Assume that you have compiled the following information regarding your expected cash ?ows for a typical month.

 Rent payment                 $400          Miscellaneous costs                    $110

Interest income                    50          Savings                                     50

Income tax withheld            300         Eating out                                  150

Electricity bill                        22        Telephone and Internet costs        90

Groceries                              80        Student loan payments                275

Wages earned                  2,000        Entertainment costs                      250

Insurance                            100        Transportation costs                    150

Instructions:

Using the information above, prepare a personal budget. In preparing this budget

Reference no: EM131806513

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