7. Use the Budget below to answer question 7. Henry's Monthly Budget CASH INFLOWS Net Salary $14,000.00 Total Cash Inflows $14,000.00 CASH OUTFLOWS Rent Telephone Cable TV Clothing Credit Card Payments Entertainment Food Personal care Jewelry Savings Other Expenses Total Cash Outflows $2,000.00 $500.00 $300.00 $2,000.00 $1,500.00 $1,600.00 $1,400.00 $1,000.00 $2,000.00 $500.00 $600.00 $13,400.00 Monthly Summary Total Cash Inflows Less: Total Cash Outflows Surplus (Deficit) $14,000.00 ($13,400.00) $600.00 Advise Henry on four (4) strategies to reduce his monthly expenses in order to save more money. (8 marks)