Assume that you have compiled the following information regarding your expected cash flows for a typical month.
Rent payment ... ... $ 500
Miscellaneous costs ..... $210
Interest income ....... 50
Savings .......... 50
Income tax withheld ..... 300
Eating out ......... 150
Electricity bill ......... 85
Telephone and Internet costs . 125
Groceries ......... 100
Student loan payments ..... 375
Wages earned ....... 2,500
Entertainment costs ..... 250
Insurance .......... 100
Transportation costs ..... 150

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