Creating a Budget
In this assignment you will create a spreadsheet and a chart to help a hypothetical couple work out their budget. You will submit a Microsoft Excel spreadsheet following the directions below to the appropriate submission folder by the due date. You will name this file W4P_LastName.xlsx.
Please Note:Information to help you with this project is available in the Week 4 online lectures, your textbook, as well as Microsoft Excel Help (F1). Your professor is also a great resource. If you work ahead, you can post questions about this assignment in the Questions for the Professor area in Course Resources and still submit your assignment on time.
Tom and Sally were trying to get a handle on their budget. They heard that MS Excel could help them with that. Tom is going to school and has cut back on his hours. Sally has finished her associate’s degree and is working full time. They want to look at the last three months of their income and expenses to see where they can make changes.
Part I – The Spreadsheet
First, in an Excel Spreadsheet, create a budget to show Tom and Sally’s income, expenses, and money leftover each month (Net). Create formulas in your spreadsheet for your calculations using the following data:
A sample budget layout is included below as an example of one way to lay out a budget.
Part II – The Chart
Once you have worked out the budget spreadsheet, use the tabs at the bottom of the page to open another sheet. Here you will create a chart similar to the example below using the tools you learned about in the lectures and the textbook. On the new sheet:
Part III – Changing Values
By the assigned due date, submit this budget to the appropriate submission folder. In the message box, share how the process of creating this went for you, including any challenges, successes, or insights.
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