You have an annual salary of $58,000 from which they deduct 3% for medical insurance and 18% for taxes. Your rent is $1200 a month. Your water, electricity and internet bill are around $238 a month. Every week you put 130 miles on your car that gives you 20 miles per gallon and gas cost $3.17 per gallon. You pay a premium of $1,019 every six months for car insurance. You spend $120 a week on food. You also have a student loan that you are paying $150 on every month and you spend $100 every 2 weeks just to treat yourself.
Requried:
Create a monthly budget and find your monthly cash flow.