It’s easy to get smarter about your money when you have a head start.
In this assignment, you will use Excel to create a household budget to help maintain control over your finances and see how your money is being used.
Conduct a short internet job search for the type of position you will be applying for once you have completed your education. Consider your work experience in this search. For example, if you have no experience in field, please search for entry level positions or the type of position someone with your background could reasonably qualify for. Look for three positions that include wage/salary information. Once you have found 3 job ads that include salary information, determine the average starting salary and use this as the basis for your household budget.
Create an Excel spreadsheet of your own design to breakdown your household budget. List monthly expenses and monthly income. You will need to list your expenses for 12 months (so you should have columns for each month). Remember your expenses are not always the same every month (for instance your electric bill could fluctuate based on how hot it is). Be sure to format the expenses and income as currency using one of the formatting options in Excel. Do NOT use an online template. The designs must be easy and logical to read. You should start from a blank, clean, Excel document.
Requirements of the assignment
I have included two (2) example budgets for you to review, Budget Example 1, Budget Exampe 2. These are from students from another section of this course. These are meant to be guides and not exemplars. Please note, even though these are PDFs, you are expected to upload a XLS.
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