Current Attempt in Progress 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 Rent payment Interest income Income tax withheld Electricity bill Groceries Wages earned Insurance $650 65 390 118 130 3.250 130 Miscellaneous costs Savings Eating out Telephone and Internet costs Student loan payments Entertainment costs Transportation costs $260 65 195 175 500 325 195 Using the information above, prepare a personal budget Personal Budget Typical Month Income Wages earned Interest income Income subtotal Income tax withheld Spandable income Expenses: Rent Utilities: Electricity Telephone and Internet Food Groceries Eating out Insurance Transportation costs Student loan payments Entertainment costs Savings Miscellaneous costs Total investments and expenses Surplus/Shortage 9