Unit 4 Touchstone Template Maher

DGET MONTH 3 BUDGET Amount Percent Amount Percent $4,250 100% Income $4,334 100% Expenditure $750 18% Housing $750 17% $200 5% Food $250 6% $375 9% Transportation $300 7% $333 8% Education $333 8% $290 7% Utilities $250 6% $250 6% Taxes $260 6% $734 17% Health Care $734 17% $241 6% Family Care $280 6% $160 4% Miscellaneous $260 6% $917 22% Savings $917 21% $4,250 100% Total $4,334 100% PAR good news is that your income us costs have also gone up. You by embedded formulas in the QUESTION 1: In step 4 and step 6, you created se graphs. Explain the reasons for the graph types tha selected. How will the graphs you created help read understand the financial data? DGET. Important : Before you do, sis while this Touchstone is a ntering your income and be sure QUESTION 2: Explain the results of your financial a steps 1-6 in terms of the following: • Overall progress toward your savings goals • Changes you might make to the budget to improv progress in the coming months • Economic or life impacts that may affect your bud future the predetermined costs for either month. Remember that 3 to see how you can use QUESTION 3: Assume that your income continues but consumer prices also rise due to inflation. Deter economic factors like these might affect your financ analysis one year from now: A. What economic trends might you need to accou when making a one-year projection? B. How might you plan for unexpected expenses w making a one-year projection?

MONTH 3 BUDGET Income Expenditure Expenditure Housing Expenditure Food Expenditure Transportation Expenditure Education Expenditure Utilities Expenditure Taxes Expenditure Health Care Expenditure Family Care Expenditure Miscellaneous Expenditure Savings Expenditure Total MONTH 2 BUDGET me Expenditure enditure Housing Expenditure Food enditure Transportation Expenditure Education enditure Utilities Expenditure Taxes enditure Health Care Expenditure Family Care enditure Miscellaneous Expenditure Savings enditure Total