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8. Develop a Budget Wrap Up

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In this activity, you created a spreadsheet to track and categorize monthly expenditures from a simulated bank account.

You can use a similar spreadsheet to calculate your own expenses.

Costs often add up quicker than you think!

For example, spending a few dollars a day at the vending machines might not seem like much at the time.

But by the end of the month, that could be nearly 100 dollars for snacks!

Maybe you could purchase food for less at the grocery store, then bring your own snacks to save money.

Using a spreadsheet to categorize and account for your spending helps you make better financial decisions.

By being aware of your spending in each category and cutting back on a few expenses, you could save hundreds of dollars a year!

You can copy the spreadsheet you created in this activity and paste in your own banking statement each month.

The spreadsheet will automatically complete the same calculations and create visualizations for you.

Some apps perform similar tasks and return similar information.

By making your own spreadsheet, you have essentially created your own app, where you control the data.

You can name your own categories, sort your spending in ways that work for you, and update the spreadsheet whenever you’d like.

You can even share the spreadsheet with others to collaborate on a project together.

Have confidence that you can create whatever works best for you!

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Attributions
  • "Level Money" by Google Play (https://play.google.com/store/apps/details?id=com.levelmoney.mobile&hl=en)