Project Homework
Part A: Create an annual pro forma postgraduation budget in Excel. Estimate income that you will earn from your job after graduation, taxes, and 5-10 expenses that you will incur (e.g., rent, student loan payments, cell phone, car payment, insurance, food, utilities).
Evaluate your budget, covering the topics below in a Word document (250-500 words).
a. Am I living within my means? Does my income cover my expenses? Do I have enough income to pay my bills?
b. Am I financially independent from my family?
c. Do I have an emergency fund?
d. Am I saving enough for retirement in my budgets/planning?
e. Do I have enough to start giving financially to others?
Part B: Following your written budget evaluation, include with your Word document a reflection of 200 to 300 words responding to the following questions:
a. How will you save for your future? What types of investment products could help you reach your goals? How will you/do you research investment opportunities?
b. In the future, how will you manage your credit? How will you determine when/how to borrow?
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.