Assignment: Personal Budget

Assignment Goal: This exercise is designed for students to learn how to use Excel software for not only business analysis but also for practical and personal uses.

Weekly Outcomes: At the completion of this weeks assignment, students will demonstrate how to use Excel for interpreting budgets, actual expenses, and variances by using personal expenses.

Weekly Topics/Tasks: Personal Budget

• Review the template for creating a personal budget by clicking on this link: Spreadsheet for Monthly Budget
• If someone else is paying or handling most or all of your monthly expenses, estimate the amount of each item or put in zeros.
• Complete the budget column by anticipating the itemized expenses.
• Complete the actual column by inserting the actual expenses for such items.
• Review and analyze the variance column and make adjustments for the next