Ted is a single guy who's living the good life. The spreadsheet below shows Ted's cash flow for a month. А
B
1 Cash Inflows
2 Disposable income
$5,000
3 Interest on deposits
$0
4 Income from investments
$225
5 Total Cash Inflow
$5,225
7 Cash outflows
8 Rent
$3,000
9 Utilities
$250
10 Satellite dish
$175
11 Cell phone plan
$135
12 Car lease payments
$385
13 Groceries
$200
14 Insurance
$380
15 Recreation
$700
16 Total Cash Outflow
$5,225
Based on his monthly cash flow, explain what part of Ted's financial plan might be missing and why,