Students are to use text and Excel spreadsheets to prepare 1 personal household budget based on research, lessons learned in the course, and personal demographics/financial assumptions.

• In Excel they must
  • develop a monthly budget covering current and one future year with income and expenses
  • Budget components should include any relevant revenues, assets, expenses, taxes and savings
• In Word, they must
  • Introduce the assumptions and demographics used in the budget
  • Provide a rationale for each component selected and decision made
  • Propose how to achieve an optimal budget that balances income with lifestyle and personal final goals
  • Propose at least two ways to a reach a greater surplus