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    MS Excel Budget PowerPoint

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    yurielastillero15

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    MS Excel Budget PowerPoint

    Uploaded by

    yurielastillero15
    1 views9 pages

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
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    Download as pptx, pdf, or txt
    1 views9 pages

    MS Excel Budget PowerPoint

    Uploaded by

    yurielastillero15

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 9

    Microsoft

    Excel
    CREATING A FINANCIAL BUDGET.
    In this presentation you will
    learn how to make a basic
    budget in the Microsoft Office
    application: Excel.
    General Information:
    When you create a budget, you will want to first decide the timeline for your
    budget. Is it going to be for a week? A month? Maybe even a year? In this
    presentation we will be looking at a monthly budget.
    Something important to remember, numbers will vary when making a budget. A
    lot of your numbers (unless you do some thorough research) will be estimates.
    But try to be as accurate as you can!
    And when you do estimate, estimate high! As an example: If you looked at your
    last months electricity bill and it was $100, budget for $150 for your electricity
    bill. Always think worst case scenario.
    Where to Begin:
    In any kind of budget, there are two categories you will want to look at: Revenue (Income)
    and Expenses.
     For each category, you will want 3 columns. A ‘Source’ (example: for revenue a source
    might be a reliable income from a specific place, like your weekly/bi-weekly paycheck from
    your employer.)
    Secondly, you will want the ‘Amount’. Going off the example above, let’s say you make
    roughly $1600 a month at your job. This equates to either $400/week, or $800 bi-weekly. To
    keep things simple you might want to put the amount in that represents your pay schedule.
    So if you are paid weekly you might want to put $400 in the amount column.
    Lastly, you want to put in the date of any source of expense or income.

    In the next slide will be an example of what this might look like.
    A Look at Income:
    • Important to any budget is your income. Pictured on
    the right hand side is what an income sheet might
    look like for someone’s personal budget.
    • Notice the ‘total’ cells. These cells don’t just have the
    numbers typed in, The cell contents are actually a
    formula. When using a budget, the (=sum) formula is
    the most important if not the only formula you will
    use.
    • (=sum) is simply an addition formula. So under the
    ‘Total Income:’ cell the formula is =sum(C5:C7).
    • A colon ( : ) denotes all cells between the cell named
    on the left side and cell named on the right side. In
    this example the formula adds the contents in C5,
    C6, and C7 to get a total.
    • This is more useful if you ever need to go back and
    change data. The formula will actively change cells
    as you change data within the specified formula.
    A look at Expenses:
    • As mentioned earlier: always estimate high when
    considering expenses, and low when considering
    revenue. Always be prepared for the worst outcome
    possible.
    • John Doe usually only spends about $350 on Food, $100
    on gas, and $100 on electricity every month. But he
    budgets more so that he isn’t in a tight situation if gas
    prices hike up or his electric bill is more.
    • Note: When putting content into the amount column, it is
    important that you set all number values to currency or
    accounting. (Pictured bottom.)
    • Optionally you can add ‘styles’ to cells to help denote
    whether the item is an expense or a revenue.
    A Look at Your Totals:
    • The whole purpose of a budget is to see how much
    money you have compared to what you spend. With
    this in mind, important pieces of information you want
    are your total net income.
    • Net income is the money you have leftover after all the
    expenses you have accounted for.
    • Net income can mean different things for different
    people. For some people it could be money that goes
    into a savings accounts, for others it could mean
    money to splurge with.
    • To calculate net income, you want to type ‘=‘ with the
    cell of your total income in your income section
    (Example: =C9). Then type ‘-’, and then the cell of
    your total expenses. (=C9-C22).
    What a completed budget looks
    like:
    The End.
    THANK YOU FOR WATCHING. IF YOU HAVE ANY
    QUESTIONS PLEASE FEEL FREE TO ASK!

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