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Essay Available:
Pages:
2 pages/β‰ˆ550 words
Sources:
1 Source
Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 9.36
Topic:

New Class Assignment: A Budget and Its Importance

Essay Instructions:

Personal Budget
Each one of us can benefit from putting together a personal budget on a monthly basis, and trying to stick to it in order to meet whatever financial objectives you set out for yourself.
For the Signature Assignment, you will be tasked with putting together a personal budget for yourself. Please see the template (excel file) in the presentation section which is a budget you can use for your assignment.
Please attach your edited budget as one file that includes the written portion of your signature assignment. Fill out the budget to the best of your ability. For purposes of this assignment, you can use �fake� numbers, but go through the budget as detailed as possible to get an overall idea on how to put together one.
After creating your budget, please answer the following questions:
1. What were the most difficult and easiest aspects of putting together this budget?
2. What did you learn about yourself after completing your budget?
3. How useful do you believe a budget would be in your personal finances?
4. What are the advantages and disadvantages to having to abide by a strict budget

Essay Sample Content Preview:

A Budget and Its Importance
Name
Institutional affiliation
A Budget and Its Importance
The following budget has been prepared for an income of $10,000. This paper will explore on the budget and try to look at some of the advantages disadvantages of having a budget. It will also provide an insight into the importance of having a budget and why people should abide to one.
Purpose

Amount

Rent

2000

Shopping

1500

gas

1500

savings

3000

Petty cash

2000

Total

10,000

The most difficult in the drafting of this budget was the savings and the petty cash. The savings account should have mandatory monthly deposits. They say the future belongs to those who prepare for it now and for that reason, it is important to have some savings. I wanted to make sure that at the end of every month as I receive my salary to make some savings. The primary challenge arose when allocating money to be saved and that to be used as petty cash. Petty cash is the money that is used ti fix and repair common things. The petty cash is the money that is used to pay the common bills that happen in the house. It will also be used to cater for fun and exciting things to do for instance going to the movies, donations and drinks while out with friends.
The easiest part when drafting this bill was when deciding the amount to be used for rent. This is a fixed figur...
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