byp20 7 in order to get your personal finances under control you need to prepare a p 542044

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.

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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. Just skip any unused line items.

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