Part $1$: Create Excel Budget

Create an annual pro forma postgraduation budget in Excel using the "Personal Budget Template" spreadsheet, located in the Topic $6$ Resources. Estimate the income you will earn from your job one year after graduation and show taxes $($show the percentage for both federal and state$)$ subtracted to get your estimated take$-$home pay. List the savings percentages for the various savings categories. Assume you are living independently $($i$.$e$.,$ not with your parents$).$ Estimate your monthly expenses for the categories shown. If a category is not listed, show those in the "other" lines, and replace "other" with the new expense name. Make sure all your dollars have a purpose; you should manage your budget to a zero balance at the end $($zero$-$based budget$).$

Part $2$: Budget Evaluation and Reflection

Complete a personal budget evaluation and reflection paper. The paper should have between $500$ and $1,000$ words and follow the format below.

Introduction $(1$ paragraph$)$

The thesis, position, or purpose is clearly communicated. $($The purpose of this paper...$)$

Budget Evaluation $(1$ paragraph$)$

Evaluate your future budget, covering the topics below.