Lisa is a third-year college student living alone in an apartment. She works 20 hours a week at a local bank. She makes $10 per hour. Lisa has a savings account that she built up during high school and by working full-time summer jobs. During the school year, she withdraws $350 per month in order to help cover her living expenses. Lisa’s college tuition and books are covered by her scholarships. Lisa’s parents help her by providing an additional $500 a month. Use 80% of Lisa’s gross income for the month for her net income. Lisa’s parents also provide health insurance. Lisa’s fixed monthly expenses are:

Rent: $600

Renters Insurance:$25

Car Insurance: $110

Utilities: $60

Cell phone: $60

Cable/Internet: $40



Lisa’s budget must include: Giving, Saving, Food, Gas, Entertainment, and Personal. answer and explain show all work