Question: Make up a sample budget in a Excel sheet. Make sure you include money coming in and going out. Also answer the following: Did the

Make up a sample budget in a Excel sheet. Make sure you include money coming in and going out. Also answer the following:

Did the budget reveal anything that you did not already know?

How could this budget be used to save money for a vacation or wanted purchase?

What forumlas did you notice on this document and how can you manipulate them to do more with your budget?

You have come to the realization that you need a good used car and it is going to cost $10,000.

Using the loan payment function you learned this week (or one that you found online) and determine the monthly payment of a loan taken for 48 months at a 6% interest rate.

Now add the new payment to your budget

How does it impact on your budget and can you afford it? If yes, explain why and if no, explain what would you do (ex. - buy a less expensive car or any at all)?

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