Instructions

In this assignment, you will create an Excel spreadsheet to track and calculate your personal net worth. Personal net worth is a valuable financial metric that provides an overview of your financial health by assessing the difference between your assets and liabilities. This assignment will help you gain practical experience in using Excel for financial management and understanding your current financial standing.

Learning Objectives:

Understand the concept of personal net worth and its importance in financial planning.

Develop proficiency in using Microsoft Excel for data entry, formatting, and basic calculations.

Analyze and interpret personal financial data to gain insights into your financial situation.

Submission:

Save your Excel file with an appropriate name, such as "Personal$\_$Net$\_$Worth$\_$StudentName."

Upload the Excel file to the designated submission platform.

Grading Criteria:

Your assignment will be evaluated based on the following criteria:

Completion and accuracy of the Excel sheet, including proper categorization of assets and liabilities.

Correct calculation of net worth using Excel formulas.

Effective formatting and presentation of the spreadsheet.

Thoughtful analysis and reflection on the calculated net worth and financial insights gained.

Note: This assignment aims to provide practical experience in using Excel for personal financial management. Your personal financial information is confidential, and you are not required to share actual financial numbers in the assignment. Use hypothetical data for the purpose of this exercise.