Use the budget information for Nelson Shapiro for Exercise.

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