Project 01 - Your Personal Budget

At some point, a person must establish a monthly budget for the purpose of ensuring that money is available for
purpose of this exercise is to establish preliminary budget items and create a workable template for future use.

Ronald's Montly Budget

Expenditure Amount Percent of Monthly Budget
Savings $600.00 38%
Credit Card #1 $200.00 13%
Student Loan Repayment $200.00 13%
Car Insurance $152.00 10%
Groceries $150.00 9%
Electricity $100.00 6%
Water/Sewer $70.00 4%
Cell Phone $60.00 4%
Gasoline $60.00 4%
Total $1,592.00 100%

Ronald's Montly Budget

Savin
4% 4% Cred
4%
Stud
6% Car I
38% Groc
9% Elect
Wate
Cell P
10% Gaso

13% 13%
rpose of ensuring that money is available for expenses. The
create a workable template for future use.
tly Budget
Actual Amount Spent Status
$600.00 Meets Budget
$123.00 Under Budget
$144.00 Under Budget
$152.00 Meets Budget
$96.00 Under Budget
$150.00 Over Budget
$88.00 Over Budget
$75.00 Over Budget
$60.00 Meets Budget
$1,488.00 Under Budget
ontly Budget
Savings
Credit Card #1
Student Loan Repayment
Car Insurance
% Groceries
Electricity
Water/Sewer
Cell Phone
Gasoline
Instructions: (Each step = 3 pts. unless otherw
1. Consider the listed expenditures. This is not an all-i
circumstances differ, so insert and/or delete rows to in
expenditures. You may need to budget money for inte
groceries, clothing, dry cleaning, entertainment, etc. O
parents, one may not yet have a mortgage or rent or o
But you must add/delete at least two items for the give
your current lifestyle.
2. Widen each column to an appropriate width so that
Use the AutoFit feature.
3. Format the column headings of the table with bold
color of your choice.
4. Insert a row and create a descriptive title for your ta
with enlarged and bold font. Then merge the appropri
merged cells with a fill color of your choice.
5. Enter the amount that you plan to budget for each i
data as currency.
6. Add a row at the bottom of the table. In Column B,
7. Use the SUM function to calculate the total of all bu
The result should be displayed at the bottom of your li
row as "TOTAL" and in currency format.
8. Using your first budgeted expenditure in Column C,
adjacent cell in Column D that will calculate the expend
monthly budget. Use an absolute cell reference for the
the result as a percentage.
9. Use Excel's AutoFill feature to complete those calcul
remaining expenditures.
10. Use the SUM function to calculate the total of all p
result should be displayed at the bottom of your list in
"TOTAL" and as a percentage. If done correctly, the res
11. Shade the TOTAL row with a fill color of your choic
12. Sort the data in this table such that the largest mo
of the table. The expenditures should be listed in orde
13. Create a pie chart for the data in columns B and C.
14. Format the pie chart with a descriptive title.
15. Label the sections of the pie chart with the expend
corresponding percentage.
16. Adjust the overall size and position of the pie char
17. In Column E, insert the title, "Actual Amount Spen
formatted with the same style as the other column titl
18. Fill in Column E with ficticious amounts (or actual a
you do not have to share your personal information).
are larger than the budgeted amounts, some are sma
amounts, and some are equal to the budgeted amoun
19. Use conditional formatting to shade the cells in red
amounts. (5 pts.)
20. Create Column F with the title of "Status". Make s
with the same style as the other column titles. In the t
single IF formula that displays the words, "Over Budget
Budget". Then copy this formula for the rest of the col
21. Create a border around the entire table.
22. Rename this worksheet as "My Budget". Submit.
USEFUL INFO - Excel already has a budget template (an
for future personal use, check it out!
1. Go to File --> New. You will see a variety of template
2. In the Search bar, enter "Budget".
with the same style as the other column titles. In the t
single IF formula that displays the words, "Over Budget
Budget". Then copy this formula for the rest of the col
21. Create a border around the entire table.
22. Rename this worksheet as "My Budget". Submit.

USEFUL INFO - Excel already has a budget template (an

for future personal use, check it out!
1. Go to File --> New. You will see a variety of template
2. In the Search bar, enter "Budget".
3. Choose a few different styles and explore their layou
styles particularly useful to you.
4. Explore the other templates too - find out what is th
3 pts. unless otherwise noted)
ures. This is not an all-inclusive list. Each person's
nd/or delete rows to include all of your personal
budget money for internet, cable, restaurant meals,
, entertainment, etc. Or if one is currently living with
a mortgage or rent or other expenditures on this list.
st two items for the given list, so adjust this list to fit
propriate width so that all information can be viewed.

of the table with bold text and shading with a fill

scriptive title for your table of data. Format the title,
hen merge the appropriate columns. Format the
your choice.
lan to budget for each item in your table. Format this
he table. In Column B, enter "TOTAL" in bold font.
ulate the total of all budgeted amounts in column C.
at the bottom of your list in Column C, on the same
format.
penditure in Column C, enter an Excel formula in its
will calculate the expenditure's percent of the total
te cell reference for the TOTAL in the formula. Format

o complete those calculations in Column D for the

culate the total of all percentages in column D. The

e bottom of your list in Column D, on the same row as
done correctly, the result should be 100%.
a fill color of your choice.
uch that the largest monthly expenditure is at the top
should be listed in order from largest to smallest.
ata in columns B and C.
descriptive title.
e chart with the expenditure name and its
position of the pie chart in the worksheet.
, "Actual Amount Spent". Make sure that this title is
as the other column titles.
us amounts (or actual amounts, if you know them, but
personal information). Choose values such that some
mounts, some are smaller than the budgeted
o the budgeted amounts.
to shade the cells in red that exceed the budgeted

tle of "Status". Make sure that this title is formatted

r column titles. In the top cell of this column, create a
he words, "Over Budget", "Under Budget", or "Meets
a for the rest of the column. (5 pts.)
entire table.
"My Budget". Submit.

s a budget template (and many more templates), so

out!
ee a variety of templates.
get".
r column titles. In the top cell of this column, create a
he words, "Over Budget", "Under Budget", or "Meets
a for the rest of the column. (5 pts.)
entire table.
"My Budget". Submit.

s a budget template (and many more templates), so

out!
ee a variety of templates.
get".
and explore their layouts. You may find one of these
too - find out what is there for you to use. :)