A new client approaches you, seeking help with creating a monthly budget. She is a single female, $25$ years old, who lives alone. Her goals are as follows:

Save for a future purchase of a $$500,000$ house

Travel internationally once a year

Pay off a $$5,000$ credit card debt

You have provided her with a brief intake form for her to fill in her total monthly income, fixed expenses, and how she currently spends her variable expenses. She would like your guidance on how to allocate the remaining parts of her monthly income into the variable expenses she has listed on her budget sheet.

This activity will help you to complete Milestone One by evaluating client assets, income, and expenses while justifying life goals.

Directions

Complete both Part One and Part Two of the activity using the information provided in the scenario above and the Excel budget sheet. Review the client$$s current spending, then on the Excel sheet titled $$Recommendations$,$ reallocate her remaining money, after fixed expenses, into variable expenses. Fixed expenses should not be changed. Write a short email providing recommendations based on the client$$s goals. See below for details.

Part One: Budget Sheet

Complete the monthly budget by allocating the remaining money into variable expenses. The Microsoft Excel sheet has two tabs$.$ The first tab, Client$$s Prefilled Form, should not be modified as this is the client$$s given information. The second tab, Recommendations, is where you will be providing recommendations. Remember that fixed expenses have been filled in on the Recommendations tab and cannot change.

Specifically, you must address the following rubric criteria:

Create updated categories for variable expenses. Add rows as necessary. Consider the following:

Lifestyle choices previously statedDetailed savings goals

$$Allocate remaining funds based on client$$s personal preferences. Be sure to:

Ensure there is no deficit.Use a zero$-$based budget system.

Part Two: Recommendations and Goals

This client has also asked you to send some recommendations and goals for her to consider moving forward. Consider her budget, then send a short email to the client to present your ideas.

Specifically, you must address the following rubric criteria:

Present strategies for this client that will help them reach their goals. Consider the following in your response:

Negotiations in fixed expensesCutting back in variable expensesDecrease debtIncrease savings

What to Submit

To complete this activity, you must submit the following:

Monthly Budget Sheet

Submit the Module Three Activity Excel Budget Sheet with the Recommendations tab$$s variable expenses filled in$.$

Email

Your submission should be a $3-$ to $5-$ paragraph Word document with double spacing, $12-$point Times New Roman font, and one$-$inch margins. Sources should be cited according to APA style.