InstructionsBudgeting and Money Management Course Objective:
CO1:  Develop a personal budget.
Assignment Instructions:
Using the Attached Personal Monthly Budget Excel Template (and the Budget video) hyperlinked in the resources area, create a monthly personal record of your personal or family income (all money coming in) and expenses (money going out) by completing entries under the Projected column of the spreadsheet. You will NOT be submitting this spreadsheet as this is your personal information. For this Assignment, write a summary of what you learned from this exercise using the following sections.
- Does my (our) income exceed your expenses?
- How is my (our) short-term savings—if I (we) had an emergency, would we have enough in savings to handle the situation?
- Why is a savings account important? Research how much you should keep in short-term savings. What are your goals for long-term savings?
- What advice do you have for the class regarding how to accumulate savings?
- What else did you learn from this budgeting exercise that could help you and/or your family finances going forward?
Write a 2-4 page paper (excluding title & Reference pages) that addresses these questions after completing your budget worksheet. The worksheet is an important element of this Assignment; use it to guide your answers to these four question areas.
Use the template provided. Follow APA format, including the title page, introduction, conclusion, citations, and a minimum of one reference (not Wikipedia or Investopedia). See the attached PPT file for how to do this using APA form and style.
Submit all answers as one file by midnight ET, Day 7 (Sunday). Use the naming convention first initial last name Week 1 Assignment (something like JSmith_Week1 Assignment).
Assignment Attachments & Hyperlinks:
- Video Creating a Family Budget with Excel (10:28) Family Budget Planner
” style=”display: block; overflow-wrap: break-word; overflow: auto hidden; text-align: start;”>Budgeting and Money ManagementCourse Objective:
CO1: Develop a personal budget.
Assignment Instructions:
Using the Attached Personal Monthly Budget Excel Template (and the Budget video) hyperlinked in the resources area, create a monthly personal record of your personal or family income (all money coming in) and expenses (money going out) by completing entries under the Projected column of the spreadsheet. You will NOT be submitting this spreadsheet as this is your personal information. For this Assignment, write a summary of what you learned from this exercise using the following sections.
- Does my (our) income exceed your expenses?
- How is my (our) short-term savings—if I (we) had an emergency, would we have enough in savings to handle the situation?
- Why is a savings account important? Research how much you should keep in short-term savings. What are your goals for long-term savings?
- What advice do you have for the class regarding how to accumulate savings?
- What else did you learn from this budgeting exercise that could help you and/or your family finances going forward?
Write a 2-4 page paper (excluding title & Reference pages) that addresses these questions after completing your budget worksheet. The worksheet is an important element of this Assignment; use it to guide your answers to these four question areas.
Use the template provided. Follow APA format, including the title page, introduction, conclusion, citations, and a minimum of one reference (not Wikipedia or Investopedia). See the attached PPT file for how to do this using APA form and style.
Submit all answers as one file by midnight ET, Day 7 (Sunday). Use the naming convention first initial last name Week 1 Assignment (something like JSmith_Week1 Assignment).
Assignment Attachments & Hyperlinks:
- Video Creating a Family Budget with Excel (10:28) Family Budget Planner
AttachmentsFamily Budget Planner.xlsx(65.63 KB) Personal monthly budget template video.mp4(10.28 MB) Student Paper Template APA 7th 2023.docx(23.21 KB)
