Create a frequency budget plan for Nelson. Although his food, fuel, dining out, and entertainment expenses were listed as monthly for the cash flow, they should be considered as weekly expenses here. Round the weekly amount up to the nearest dollar. Combine electricity, water, and sanitation under the utilities category. Any categories not mentioned in the template belong in the appropriate other section. According to this frequency budget plan, what is Nelson's surplus or deficit for the year?

Nelson's Financial Report Income Musician, monthly after-tax income: $7,000 Music lessons, monthly after-tax income: S1,000 Monthly Expenses Mortgage $2,800 Car loar Electricity Sanitation Cable/Internet $50 Dining out Gasoline Water Home insurance $120 Debt reduction S200 Groceries Personal loan $100 Land line phone $50 Auto insurance $90 Savings College loan $200 Cell phone Medical insurance $80 Entertainment $350 $500 $200 $90 $60 $500 $200 $300 $50 $100 Non-Monthly Expenses Medical: $350 in March, S350 in August Auto-related: $600 in November Home-related: $250 in February, $250 in November Life insurance: $120 in April, August, December Vacation: $1,800 in July Gifts: $300 in May and December Contributions: $40 each week of the year Repairs: $600 in July Taxes: $2,500 in January and September