Please answer it carefully and detailed using excel sheet by the following below. I will rate you 5 stars if the work look professional.

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Prepare a two 2-week-period budget exercise. The budget will have categories such as income, rent, utilities, clothing, food/beverages, entertainment, insurance, investment/savings, other. Then use the budget to track personal financial activities for a 2-week period. Next compare the budget with the actual expenditures for the categories and determine the variance between the budget and actual expenditures. Then reforecast a second 2-week budget and then use the budget to track the next two weeks of activities. Finally, compute the variance for the second 2-week period and determine if the variances were smaller or larger than the first 2-week period. Provide a written evaluation of the importance of the budgeting process as it relates to personal financial planning.