Part 1: Create an annual pro forma postgraduation budget in Excel. Estimate income that you will earn from your job after graduation, taxes, and 5-10 expenses that you will incur (e.g., rent, student loan payments, cell phone, car payment, insurance, food, utilities).

Evaluate your budget, covering the topics below in a Word document (250-500 words).

1. Am I living within my means? Does my income cover my expenses? Do I have enough income to pay my bills?
2. Am I financially independent from my family?
3. Do I have an emergency fund?
4. Am I saving enough for retirement in my budgets/planning?
5. Do I have enough to start giving financially to others?

Part 2: Following your written budget evaluation, include with your Word document a reflection of 200-300 words responding to the following questions:

1. How will you save for your future? What types of investment products could help you reach your goals? How will you/do you research investment opportunities?
2. In the future, how will you manage your credit? How will you determine when/how to borrow?