For Part $1$ of this assignment, enter data in the gray column ONLY, then save the worksheet to use in Part $2.$ Part $2$ will be completed at a later date.The personal budget worksheet is a Microsoft Excel file attached to this assignment.Open the budget spreadsheet where you will see gray fillable cells. This column is the estimated expenses you predict you will have. Complete for BOTH discretionary and non$-$discretionary spending.Do NOT fill in blue cells for Part $1$ and use the spreadsheet PROVIDED... do NOT recreate your own! If you need help, let me know.If you live at home and are financially supported by your family, you spend money too. Ask your parents what the rent would be for the room you use in their house if it were rented to a non$-$family member or friend this will be your rent. If you drive and your parents give you gas money this is your gas expense. Every time you get money from your parents, record it in the proper expense selection.The most common mistake students make is putting the entire amount of their education loans $($which is in the thousands$)$ on this sheet. The appropriate amount would be the monthly payment for the loan$($s$),$ not the total. This exercise is all about monthly payments.Make sure you keep track of all your spending for the next $30$ days or so$.$ You will need that information for Part $2$ of this assignment.The balance sheet is a Microsoft Excel worksheet attached to this assignment. Download the Personal Budget to complete, then upload your completed budget to this assignment by the due date.You have unlimited attempts on this assignment. Please do not wait until the DUE date to DO this assignment.