Question: Create a pro forma postgraduation budget in Excel. Evaluate your budget and submit one Excel file that includes both the budget and the evaluation. Estimate
Create a pro forma postgraduation budget in Excel. Evaluate your budget and submit one Excel file that includes both the budget and the evaluation. Estimate income that you will earn from your job after graduation. Include 5-10 expenses that you will incur (e.g., rent, student loan payments, cell phone, car payment, insurance, food, utilities).
In the evaluation (250-500 words), answer the following questions in complete sentences:
- Am I living within my means? Does my income cover my expenses? Do I have enough income to pay my bills?
- Am I financially independent from my family?
- Do I have an emergency fund?
- Am I saving enough for retirement in my budgets/planning?
- Do I have enough to start giving financially to others?
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