Use Peter's Budget Worksheet to respond to the statement that follows.
PETERS BUDGET WORKSHEET
CATEGORY BUDGET AMT
Wages and bonuses (after-tax) $2,190
TOTAL INCOME $2,190
Rent $525
gas/electric $150
cable/internet $150
car payment $345
car insurance $115
cell phone $130
gas for car $165
entertainment(dinners, $325
movies, etc.)
water $10
groceries $200
savings $150
TOTAL EXPENSES $2,265
SURPLUS -$75
Peter is currently spending more each month than he is earning. Explain, using complete sentences, three steps Peter could take to lower his expenses each month.