Do a PowerPoint presentation on this topic: The Best way to Prepare a Budget
Ans) Budgeting is the process of creating a plan to spend your money. This spending plan is called a budget. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do. Budgeting is simply balancing your expenses with your income.
The following steps can help you create a budget.
Step 1: Note your net income
- The first step in creating a budget is to identify the amount of
money you have coming in. Keep in mind, however, that it’s easy to
overestimate what you can afford if you think of your total salary
as what you have to spend. Remember to subtract your deductions,
such as for Social Security, taxes, 401(k) and flexible spending
account allocations, when creating a budget worksheet. Your final
take-home pay is called net income, and that is the number you
should use when creating a budget.
If you work freelance or part-time, we’ve put together some tips for managing irregular income.
Tip: If you have a hobby or a talent, you may be able to find a way to supplement your income. Having an extra source of income can also be helpful if you ever lose your job.
Step 2: Track your spending
It’s helpful to keep track of and categorize your spending so you
know where you can make adjustments. Doing so will help you
identify what you are spending the most money on and where it might
be easiest to cut back.
Begin by listing all your fixed expenses. These are regular monthly bills such as rent or mortgage, utilities or car payments. It’s unlikely you’ll be able to cut back on these, but knowing how much of your monthly income they take up can be helpful.
Next list all your variable expenses—those that may change from month to month such as groceries, gas and entertainment. This is an area where you might find opportunities to cut back. Credit card and bank statements are a good place to start since they often itemize or categorize your monthly expenditures.
Tip: Record your daily spending with anything that’s handy—a pen and paper, an app or your smartphone. You can use this spending and budgeting tool if you have an account with Bank of America.
Step 3: Set your goals
Before you start sifting through the information you’ve tracked,
make a list of all the financial goals you want to accomplish in
the short-and long-term. Short-term goals should take no longer
than a year to achieve. Long-term goals, such as saving for
retirement or your child’s education, may take years to reach.
Remember, your goals don’t have to be set in stone, but identifying
your priorities before you start planning a budget will help. For
example, it may be easier to cut spending if you know your
short-term goal is to reduce credit card debt.
Step 4: Make a plan
Use the variable and fixed expenses you compiled to help you get a
sense of what you’ll spend in the coming months. With your fixed
expenses, you can predict fairly accurately how much you’ll have to
budget for. Use your past spending habits as a guide when trying to
predict your variable expenses.
You might choose to break down your expenses even further, between things you need to have and things you want to have. For instance, if you drive to work every day, gasoline probably counts as a need. A monthly music subscription, however, may count as a want. This difference becomes important when it’s time to make adjustments.
Step 5: Adjust your habits if necessary
Once you’ve done all this, you have what you need to complete your
budget. Having documented your income and spending, you can start
to see where you have money left over or where you can cut back so
that you have money to put toward your goals.
Want-to-have expenses are the first area to look for spending cuts. Can you skip movie night in favor of a movie at home? Try adjusting the numbers you’ve tracked to see how much money that frees up. If you’ve already adjusted your spending on wants, evaluate your spending on needs. You may need internet at home, but do you need the fastest available?
Lastly, if the numbers still aren’t adding up, you can look at adjusting your fixed expenses. Doing so will be much more difficult and require greater discipline, but on close inspection a “need” may just be a “hard to part with.” Such decisions come with big trade-offs, so make sure you carefully weigh your options.
Tip: Small savings can add up to a lot of money, so don’t overlook the little stuff. You might be surprised at how much extra money you accumulate by making one minor adjustment at a time.
Step 6: Keep checking in
It’s important that you review your budget on a regular basis to be
sure you are staying on track. You can also compare your monthly
expenses to those of people similar to you. Few elements of your
budget are set in stone: You may get a raise, your expenses may
increase or you may have reached your goal and want to plan for a
new one. Whatever the reason, keep checking in with your budget
following the steps above.
Do a PowerPoint presentation on this topic: The Best way to Prepare a Budget
Do or write a PowerPoint presentation on "How to Plan a Budget".
ASSIGNMENT TWO Create a new PowerPoint presentation on the topic “ONLINE SCHOOL ,THE BEST WAY TO EDUCATION DURING COVID-19”. Insert a new slide with the Title and Content layout. Try adding some text to the title placeholder. Insert a blank slide, then insert a text box on the slide. Insert new slide this time add a picture and also text. Insert new slide this time add a video and also text. Try applying different formatting to the text of all...
The assignment is a powerpoint presentation that covers one topic of your choice related to the environment (water quality, air pollution, food and hunger, sustainable energy etc.). It should include a minimum of 12 slides and should have animations, videos or clip-art that illustrates your topic. Use two references besides your textbook and cite them in your presentation. Please send the link as powerpoint pdf or sent to email if available
I will assign you a topic, and on that, you need to make a powerpoint presentation. it's an online course, so you just have to submit your work. Topic: Fat Won't Make You Fat: Importance of Healthy Fat.
Make a Powerpoint Presentation Please do it as soon as possible Make a Good Presentation on the following topic: Suppose you have been hired to design the flying taxis at large in Dubai. What PROCESS would you use to tackle this project? Demonstrate through the design thinking process. Slide 1. Introduction and format style Slide 2. Propose the design thinking process for transportation transformation of traditional taxis to flying taxis. Slide 3. How to convert this idea into a viable...
Create a 6–8-slide PowerPoint presentation an “elevator pitch” presentation using PowerPoint that answers one of the three following common interview questions. “Why are you the best candidate for this job?” or “How has your background and education prepared you for this position?” or “Tell me about yourself.”. I need some baseline guidance for its creation.
Topic --Pulmonary Artery Hypertension. Create a 15 slide PowerPoint presentation on the pediatric condition which is Pulmonary Artery Hypertension. Ensure that your presentation addresses: 1. Description and etiology of the condition 2. Epidemiology for the condition 3. Pathophysiology 4. Clinical Manifestation 5. Diagnostic evaluation 6. Therapeutic Management: Be sure to address medication as well as surgical and non-surgical management if applicable 7. Care Management to include nursing intervention The presentation should have a title slide and a reference slide. They...
You will create a 10-slide powerpoint presentation speaking to the following: What is the relationship of technology and organizational effectiveness, structure, and culture. Your powerpoint slides will have images: no text or bulleted points. You will add your report narrative to the notes section. Your images should relate to your narrative and your narrative should be complete in addressing the topic. (Hint: write your narrative first then search Google Images, or your favorite image library, for your images) The...
Complete the Week 5 Case Study: Narrated Powerpoint Prepare a presentation (narrated PowerPoint) that provides detailed responses to the questions below following the case study requirements and expectations. NOTE: I will do the PowerPoint. Just need help answering the questions below. Thank you in advance!! Case Study Investment Potential in Healthcare Your brother-in-law, Representative Howard Hughes, lost his bid for reelection. However, thanks to your efforts, he established himself while in Congress as an astute analyst of the health field...
Prepare a 5-10 slide Powerpoint presentation for a breastfeeding mother. Discuss nutritional needs, benefits, and contraindications. Presentation should be clear and succinct while sharing comprehensive knowledge regarding breastfeeding.