(Use an Excel spreadsheet) create a household budget showing 2 columns: Monthly Budget and an Annualized...
(Use an Excel spreadsheet) create a household budget showing 2 columns: Monthly Budget and an Annualized Budget. Create a fictitious profile and be sure it has appropriate formatting utilized within excel, utilization of formulas when appropriate, does budget category/line items make sense, and were all items that tend to impact a budget for an average household accounted for.
***Please show the FORMULAS and where to put them on EXCEL and steps.***
*****your model should contain formulas in relevant places on EXCEL****.
Homework Answers
| Personal and Family Expenses | ||
| Category | Monthly Budget | |
| Current | Yearly | |
| Alimony | $ 576 | $ 6,914.75 |
| Bank Charges | $ 10 | $ 120.00 |
| Books/Magazines | $ 20 | $ 240.00 |
| Business Expense | $ 1,152 | $ 13,829.50 |
| Care of Parent/Other | $ 934 | $ 11,207.60 |
| Cash — Miscellaneous | $ 1,200 | $ 14,400.00 |
| Cell Phone | $ 15 | $ 180.00 |
| Charitable Donations | $ 100 | $ 1,200.00 |
| Child Activities | $ 150 | $ 1,800.00 |
| Child Allowance/Expense | $ 200 | $ 2,400.00 |
| Child Care | $ 150 | $ 1,800.00 |
| Child Support | $ 100 | $ 1,200.00 |
| Child school help | $ 450 | $ 5,400.00 |
| Clothing — Client | $ 50 | $ 600.00 |
| Clothing — Co-Client | $ 55 | $ 660.00 |
| Clothing — Children | $ 50 | $ 600.00 |
| Club Dues | $ 100 | $ 1,200.00 |
| Credit Card Debt | $ 1,500 | $ 18,000.00 |
| Dining | $ 600 | $ 7,200.00 |
| Entertainment | $ 200 | $ 2,400.00 |
| Gifts | $ 50 | $ 600.00 |
| Groceries | $ 250 | $ 3,000.00 |
| Health Care - Dental | $ 10 | $ 120.00 |
| Health Care - Medical | $ 50 | $ 600.00 |
| Health Care - Prescription | $ 50 | $ 600.00 |
| Hobbies | $ 100 | $ 1,200.00 |
| Household Items | $ 600 | $ 7,200.00 |
| Laundry/Dry Cleaning | $ 100 | $ 1,200.00 |
| Personal Care | $ 100 | $ 1,200.00 |
| Personal Loan Payment | $ 150 | $ 1,800.00 |
| Pet Care | $ - | $ - |
| Public Transportation | $ 25 | $ 300.00 |
| Recreation | $ 200 | $ 2,400.00 |
| Self Improvement | $ 50 | $ 600.00 |
| Student Loan | $ 600 | $ 7,200.00 |
| Vacation/Travel | $ 1,000 | $ 12,000.00 |
| Other: | $ 577 | $ 6,924.00 |
| $ 11,525 | $ 138,295.00 | |
| Personal and Family Expenses | ||
| Category | Monthly Budget | |
| Current | Yearly | |
| Alimony | =+B41*0.05 | =+B4*12 |
| Bank Charges | 10 | =+B5*12 |
| Books/Magazines | 20 | =+B6*12 |
| Business Expense | =+B41*0.1 | =+B7*12 |
| Care of Parent/Other | =+B41*0.08+12 | =+B8*12 |
| Cash — Miscellaneous | 1200 | =+B9*12 |
| Cell Phone | 15 | =+B10*12 |
| Charitable Donations | 100 | =+B11*12 |
| Child Activities | 150 | =+B12*12 |
| Child Allowance/Expense | 200 | =+B13*12 |
| Child Care | 150 | =+B14*12 |
| Child Support | 100 | =+B15*12 |
| Child school help | 450 | =+B16*12 |
| Clothing — Client | 50 | =+B17*12 |
| Clothing — Co-Client | 55 | =+B18*12 |
| Clothing — Children | 50 | =+B19*12 |
| Club Dues | 100 | =+B20*12 |
| Credit Card Debt | 1500 | =+B21*12 |
| Dining | 600 | =+B22*12 |
| Entertainment | 200 | =+B23*12 |
| Gifts | 50 | =+B24*12 |
| Groceries | 250 | =+B25*12 |
| Health Care - Dental | 10 | =+B26*12 |
| Health Care - Medical | 50 | =+B27*12 |
| Health Care - Prescription | 50 | =+B28*12 |
| Hobbies | 100 | =+B29*12 |
| Household Items | 600 | =+B30*12 |
| Laundry/Dry Cleaning | 100 | =+B31*12 |
| Personal Care | 100 | =+B32*12 |
| Personal Loan Payment | 150 | =+B33*12 |
| Pet Care | 0 | =+B34*12 |
| Public Transportation | 25 | =+B35*12 |
| Recreation | 200 | =+B36*12 |
| Self Improvement | 50 | =+B37*12 |
| Student Loan | 600 | =+B38*12 |
| Vacation/Travel | 1000 | =+B39*12 |
| Other: | 577 | =+B40*12 |
| =(76035+62260)/12 | =+B41*12 | |
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