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Student Assignment
In this assignment, you will create a budget and answer questions about how your budget has
successfully met short-term and long-term goals.
Assignment Instructions
Step 1: Gather materials and necessary information.
b) Keep your lesson and assignment open in case you need to review what you have
learned.
a) To create your budget, type an amount of money into each cell of the tables you have
been given. Be sure to ask your teacher for help if you are not sure how to do this.
1. Create a budget that will allow you to save at least $100 by the end of October. (10 points)
Remember, your old budget reflected a net income of $1850.00 and included these expenses:
$600 for your rent
$475 for your car payment, car insurance, and gas
$230 for your utilities, phone, and Internet
$300 for your groceries
$50 for your entertainment
$20 for your renters insurance
$75 for discretionary spending
A final net total of $100 saved per month
Scroll to the next page to edit your budget with these changes in mind.
Income
Total income
Fixed
expenses
Variable
expenses
2. Which budgetary category changed the most between your old budget and your new budget?
Why? (5 points)
3. How does your new budget help you to meet your short-term goal of buying a new laptop? (5
points)
4. How does your new budget help you to meet your long-term goal of saving for college? (5 points)