Sipho earns a net salary of $5,475.00. Draw up a budget that Sipho could use for the month of October.

1. Rent: $1,200.00
2. Utilities (electricity, water, gas): $200.00
3. Groceries: $300.00
4. Transportation (gas, public transportation): $150.00
5. Phone bill: $50.00
6. Internet bill: $50.00
7. Health insurance: $200.00
8. Car insurance: $100.00
9. Entertainment (eating out, movies, etc.): $150.00
10. Savings: $500.00

Total expenses: $2,900.00

Remaining income after expenses: $5,475.00 - $2,900.00 = $2,575.00

Sipho can use the remaining income for any additional expenses or savings goals. It is important to track expenses throughout the month to ensure that the budget is being followed.

Budget for Sipho

Income:
- Net Salary: $5,475.00

Fixed Expenses:
- Rent/Mortgage: $1,200.00
- Car Payment: $350.00
- Car Insurance: $150.00
- Health Insurance: $200.00
- Utilities (electricity, gas, water): $250.00
- Internet and Phone: $100.00

Variable Expenses:
- Groceries: $400.00
- Gas: $200.00
- Dining Out: $150.00
- Entertainment: $100.00
- Personal Care (haircuts, toiletries): $50.00

Discretionary Expenses:
- Shopping: $200.00
- Travel: $100.00

Savings:
- Emergency Fund: $100.00
- Retirement: $200.00
- Other Savings: $100.00

Total Expenses: $4,500.00

Surplus: $975.00

Notes:

- This budget allows Sipho to comfortably cover his necessary expenses and still have a surplus of $975.00.
- The discretionary expenses can be adjusted based on Sipho's preferences and financial goals.
- It's important for Sipho to track his actual expenses against this budget and make adjustments as needed.
- The surplus can be used for additional savings, debt repayment, or unexpected expenses.