Looking for help with an assignment? Connect with an assignment Expert Now!

Get Started

Create three monthly budgets using Excel for a financial analysis

Create three monthly budgets using Excel for a financial analysis. ******************EXCEL EXPERTS ONLY PLEASE****************************

Skill(s) Being assessed: Problem Solving

Criteria for Success: In this assignment, you will:

  • Create three monthly budgets using Excel for a financial analysis.
  • Summarize the change in expenditures between budgets.
  • Show the findings of your personal financial analysis using appropriate graphs/charts in Excel.
  • Explain how the chosen graphs/charts help someone to better understand the presented financial data better than other potential graphs/charts.
  • Discuss the results of financial analysis including overall progress towards saving goals, potential changes in budget that can be made in the future, possible economic/life impacts that may affect their budget in the coming year.
  • Reflect on what your financial analysis might reasonably look like in a year taking into account income growth and inflation of consumer prices.

What to submit/deliverables: A completed Assignment 3 XLS Template and a completed Assignment 3 Financial Analysis Explanation Word Template.

What is the value of doing this assignment? One way to check your progress towards your financial goals is to conduct a personal financial analysis. This will help you see how well you have stayed on track with your finances over a period of time. Using technology can help you stay organized throughout your analysis, as well as help visualize financial data. Displaying the data visually will allow you to observe general trends in your personal finances and to communicate about them effectively.

For this assignment you will be using Excel as your technology tool to analyze personal financial data and display that data visually. There are many other technologies available for personal or professional use that can be used for this type of analysis. The approach to learning and working with Excel software in this course is one you can apply to other technology tools in your life and career.

Your goal for this assignment is to: Build your confidence and practice in the technology skill by conducting a personal financial analysis using a technology tool. You will use Excel to organize three monthly budgets, visualize this financial data using charts and graphs/charts, and discuss the results of your financial analysis, including progress towards your selected financial goal from Assignment 2.

Steps to complete: In Week 10, submit your assignment in BlackBoard by following these steps:

STEP 1:Read the following scenario and review the Assignment 3 XLS Template.

Scenario: Three months have passed since you created your initial Financial Plan (from Assignment 2). A friend who is studying to become a financial advisor recommends that you check in on your progress towards your saving goal. She volunteers to help you conduct a financial analysis of your personal budget over three months. You meet with your friend each month to go over your analysis. In her studies she is learning that people understand budget concepts better when they are represented as visuals, so she asks you to create some.
In this assignment, you will make three monthly budgets. Your income increases each month, as shown in the tables in theAssignment 3 XLS Template. Additionally, in months 2 and 3, some cells have been filled in with a formula to represent an unexpected expense in that expenditure category for the month. You will need to reallocate your budget around this.

STEP 2: Use the Assignment 3 XLS Template and take the income and expenditures from Assignment 2 to use as your starting point for your Month 1 Budget.

Remember, that since this is a monthly budget, you will need to divide all of the values from your Assignment 2 annual plan by 12. After you have done this, you will notice that embedded formulas show that your income changes for months 2 and 3, because you received additional unexpected income from other sources.
You will also notice an increase in your “Healthcare” expenditure in Month 2 as the result of an unexpected medical emergency, as well as an increase in your “Miscellaneous” expenditures in Month 3 because of an unplanned for repair expense.

STEP 3: Fill in the cells of each monthly budget table to show how you would choose to allocate your income each month.

STEP 4: Use formulas to fill in the percentage columns for each monthly budget.

STEP 5: Create three appropriate graphs/charts (one for each month) in Excel to show the findings of your personal financial analysis. Each should show how you have allocated your income among the various categories.

STEP 6: Create a graph that shows your progress towards your savings goal across all three monthly budgets.

STEP 7: In the Word template, explain the reason why you chose the graphs/charts you did. How do the graphs/charts you created help someone understand the financial data?

STEP 8: Also in the Word template, discuss the results of your financial analysis including overall progress towards saving goals, potential changes in your budget that can be made in the future, and possible economic or life impacts that may affect your budget in the coming year.

STEP 9: Finally, in the Word template reflect on what your financial analysis might reasonably look like in a year taking into account income growth and inflation of consumer prices.

STEP 10: After completing all questions in the Assignment 3 XLS Template, save your responses as a Excel file titled: Your Name, ECO110_Assignment 3 Personal Financial Analysis and upload to BlackBoard in Week 10. Do the same thing with the Word template. Make sure to also review the scoring rubric before submitting.

Grading for this assignment will be based on the following rubric:

Create three monthly budgets using Excel for a financial analysis

Get a Quote

Approximately 250 words
Total price (USD) $: 10.99

ORDER NOW
Do My Paper

Reviews from Clients on This Assignment

Catey, AU

Writer was timely and proficient. I had to ask for a revision, but I got it back quickly with no other issues

McCoy, CA

The writing was prepared and submitted prior to the completed request date

Theodore, U.S.A

Wow! I got an A on my last paper completed by writer 152, I will use your services again

Madeline, U.K

I have been using this website for a year now and so far, I have never had an issue on my assignments. Thank you

James, AU

I ordered 3 papers and got them on time. I will refer again. Thank you

Kate, CA

Followed all the directions provided and never had to contact me regarding the assignment

With a lot of experience, we can help you with your essay

 

With over 20 years of experience in the custom essay writing industry, we have helped thousands of students through their studies with quality papers and friendly, knowledgeable service. Each of our paper writers goes through a rigorous selection process to make sure they can deliver the consistent professional work required.

Our essay service offers papers on any subject and at all academic levels: high school, college, and university (including Master’s and Ph.D. dissertations). From case studies, research papers and assignments, to term papers, M/As, and doctorates, we have professional writers who can produce the work you need on the deadline you require.

Simply ask us to write my essay, and we will provide you with a high-quality document.

Every paper is created from fresh with the needs of the customer in mind and adheres to a strict quality assurance system, ensuring that our customers receive effective outcomes. Our essay writing service’s paper writer managers work around the clock to ensure that each essay assignment is unique and of excellent quality.

What Am I Getting When I Hire a Professional Essay Writer?

Perhaps you have a part-time work and family obligations, or perhaps you have a stack of assignments with tight deadlines. That’s why we’ve created an essay writing service to help you out! We assist you in obtaining essay assistance from a professional essay writer, and we never miss deadlines. You have complete control over the deadline when you ask one of our experts to write my paper for me. You can set it for as long as 2 weeks or as short as 6 hours. If you need expert essay writing aid because you don’t grasp all the criteria of a piece of work, or if you have a paper due tomorrow and don’t feel like pulling an all-nighter, we are the best solution.

Our customers have the option of selecting among hundreds of essay writers who are experts in a variety of fields. They have a lot of industry experience, and some of them even have PhDs. We are one of the most cost-effective and dependable paper writing services, with a quality assurance team that ensures all essays are up to par.

Do you have a tight deadline?

Student life entails managing a variety of duties, including academic pursuits, part-time work, and family and social obligations, all of which compete for time and attention. This can put you under a lot of stress at the conclusion of the semester.

ProEssayTutor was created to assist students in just these situations. We’ll set to work pairing you with essay writers who can complete your project with speed, precision, and quality after you submit a write my essay for me request. As a result, we have a near-100 percent client satisfaction record.
We keep our essay writing services as low as possible, starting at $11 per page, with fast delivery and an online chat for feedback.

Because our writers follow a strict quality assurance methodology, each of our papers is unique. This implies you’ll always get a completely unique paper from an academic writer who has not just a higher education degree but also a lot of expertise.

Every student has been in a tight place at one point or another, with looming deadlines causing a great deal of anxiety. Consult our paper writing service even if your deadline is only 12 hours away. We can get an expert on your assignment and assist you in your academic career if you message us in the chat!

Choose the Most Appropriate Paper Writer for You

Our college essay writing service provides our loyal customers with an easy-to-use and competent catalog of essay writers from which to choose. We understand that this may be your first time trying to pay someone to write my paper, so we want to make the process as straightforward and pleasurable as possible, free of the concerns that you could experience on other websites. You may look at the customer satisfaction rate, completed orders, bios, and reviews of hundreds of writers who specialize in a variety of subjects. This material provides you with all you need to choose the best academic writer for your project.

Do you require any other information? You may always talk to authors personally and ask them any questions you want to be sure they can manage your purchase properly. Alternatively, if you have three or four good possibilities and are unsure which to choose, you may contact our customer service staff, who will assign you to the most appropriate essay writer. Because of all of these characteristics, our essay writing service is a popular choice among students of all academic levels.

Write My Essay with a User-Friendly Service

We work hard to make sure that the experience of our clients is always a positive one. ProEssayTutor paper writing service is easy-to-use, with access to customer support 24/7. We can answer your questions about writers, deadlines, types of academic papers, and the security of your personal information, which we take extremely seriously.
We offer an ProEssayTutor reviews page in-app if you want to see what other clients have to say about our essay service. Examine the feedback offered by our consumers, which outline their order experience and the essay writing service’s proficiency. We urge you to provide customer feedback; we value your input since it helps us improve our service for our long-term clients.
Check out our testimonials to get a sense of what to expect from our services.

What if My Paper Isn’t Finished to My Complete Satisfaction?

It’s fine if you received your essay and weren’t totally happy. If you have a complicated project, there will be numerous requirements that your paper writer must follow, and while we try for 100 percent success on the first delivery, some changes may be necessary. Customers who ask an expert to write a paper for me are entitled to an infinite number of free revisions and rewrites for up to 30 days after the paper is completed and delivered, according to our policy.

Simply contact your writer and express your concerns; they will gladly make any necessary revisions, which will then be reviewed by a member of our quality assurance team, who will ensure that the problem has been effectively fixed.

We offer a money-back guarantee if you are absolutely dissatisfied with our paper writing service, even if it is within the first 30 days after order completion. In any event, you’re covered because our essay writing service attempts to provide the best for all of our students, regardless of the size or complexity of the task.

Place Order