The All About You feature in this chapter emphasizes that 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.

InstructionsUsing the information above, prepare a personal budget. In preparing this budget, use the format found at financialplan.about.com/cs/budgeting/l/blbudget.htm. Just skip any unused lineitems.

Miscellaneous costs Savings Eating out Telephone and Internet costs Student loan payments Entertainment costs Transportation costs Rent payment Interest income Income tax withheld Electricity bill Groceries Wages earned Insurance $ 400 $110 50 300 22 150 90 275 80 2,000 250 100 150