The document provides instructions and financial information for creating a monthly and yearly budget spreadsheet using Excel. It includes details of monthly expenses like mortgage, taxes, utilities, and payments, as well as yearly expenses like groceries and electricity. The spreadsheet should calculate totals, surplus/deficit amounts, and include properly formatted labels and formulas. Additionally, a pie chart of monthly expenses should be added to a second sheet along with title and footer.
The document provides instructions and financial information for creating a monthly and yearly budget spreadsheet using Excel. It includes details of monthly expenses like mortgage, taxes, utilities, and payments, as well as yearly expenses like groceries and electricity. The spreadsheet should calculate totals, surplus/deficit amounts, and include properly formatted labels and formulas. Additionally, a pie chart of monthly expenses should be added to a second sheet along with title and footer.
The document provides instructions and financial information for creating a monthly and yearly budget spreadsheet using Excel. It includes details of monthly expenses like mortgage, taxes, utilities, and payments, as well as yearly expenses like groceries and electricity. The spreadsheet should calculate totals, surplus/deficit amounts, and include properly formatted labels and formulas. Additionally, a pie chart of monthly expenses should be added to a second sheet along with title and footer.
The document provides instructions and financial information for creating a monthly and yearly budget spreadsheet using Excel. It includes details of monthly expenses like mortgage, taxes, utilities, and payments, as well as yearly expenses like groceries and electricity. The spreadsheet should calculate totals, surplus/deficit amounts, and include properly formatted labels and formulas. Additionally, a pie chart of monthly expenses should be added to a second sheet along with title and footer.
Budgeting is a valuable skill that will help you throughout the rest of your life. Excel Spreadsheets can help you make budget calculations and format your budget in an easy to read way.
Situation: You are married with two children, you are the primary breadwinner for your family and you have many different expenses to pay. Given the following information of how much you earn, how much your bills are and how much you spend on the children; determine a monthly budget for your family and a yearly budget. (Hint: Notice not all values are yearly/monthly).
Data for your spreadsheet:
o Monthly mortgage payments $1378.00 o Property taxes per month $246.00 o Money spent on children per month $400.00 o Leisure money per month $500.00 o Car payment per month $549.00 o Car insurance per month $150.00 o Groceries for year $12000.00 o Electricity bills per year $2000.00 o Water bill per year $1989.00 o Earning per year $86 563.00
Examples of Labels that can be used for your spreadsheet are as follows: Monthly Income & Yearly Income (List your income here) Monthly Expenses & Yearly Expenses (List all your expenses here, Use formulas to total and calculate) Surplus/Deficit for Month & Surplus/Deficit for the Year (Note: This is the difference between income and expenses)
Remember Use cell addresses when using formulas. Format the spreadsheet to currency. Include an appropriate title for your budget.
Formatting: o Create a pie chart for the month expenses and add to Sheet 2. Be sure to include title. o Change your page setup so that your spreadsheets are landscape, centered both vertically and horizontally and include a footer with your name.
