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Unit 3 Assignment Turn in
Unit 3 Assignment Turn in
Place the amount you have spent in the categories provided below.
Additional categories can be added in columns J and K. Make sure
you record cash spent and credit card charges. If you have more than
one transaction for the same category, total the amounts spent and
add it to the appropriate cell in this worksheet. The total expenditures
in column M will automatically compute for each day. Explain daily
expenditures in the comments section in column N. If your entire
comment does not appear in column N, double-click on the row
dividing line to automatically enlarge the cell to fit the text.
Provide a brief summary of your expenditures for week one in row 16.
Identify categories within your daily spending log that could be
reduced to decrease the total amount of your spending.
6-Aug-22 Wednesday
7-Aug-22 Thursday
8-Aug-22 Friday
9-Aug-22 Saturday
10-Aug-22 Sunday
11-Aug-22 Monday
I see how much money I have saved on gas since I parked my car
and started using my motocycle. Gas prices are on the rise and
unaffordable. These days since the start of that war across the US.
Also I know I have to lose my gaming habits it really takes a bit out of
me..
Auto Food Health, Education Recreation Donations Laundry Add Add
motocycle (H) Home Personal Leisure Category Category
(S) Self Care
could 62.00
have had O
saved not went
47.99 to- gaming
go-
orders
Other Total Spent Comments:
$32.00
$10.00
$5.00
$100.00
$15.00
$44.00
Running Total: $206.00
grand total saving would have been 109.99
Daily Spending Log- Unit 2
Directions: Please record every penny you spend each day,
beginning Tuesday (the last day of Unit 1) and ending Monday (the
day before the unit ends).
Your daily spending log for week three will begin the following day
(Tuesday).
Place the amount you have spent in the categories provided below.
Additional categories can be added in columns J and K. Make sure you
record cash spent and credit card charges. If you have more than one
transaction for the same category, total the amounts spent and add it to
the appropriate cell in this worksheet. The total expenditures in column
M will automatically compute for each day. Explain daily expenditures in
the comments section in column N. If your entire comment does not
appear in column N, double-click on the row dividing line to
automatically enlarge the cell to fit the text.
Provide a brief summary of your expenditures for week two and answer
each question posted below.
Please save this spreadsheet each time you add information. When
you are ready to submit, save your workbook by clicking the Office
button at the top of your spreadsheet then click Save As. Name the file
Username-AB104
Week 2: Enter Financial Plan Workbook
the spending log datesUnit#.xlsx
below. (Example:
TAllen- AB104 Financial Plan Workbook Unit1.xlsx)
(Enter date started here)
Date Day of week Auto
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
Monday
3. How can your daily spending log assist you when planning and
implementing a budget?
Food Health, Education Recreation Donations Laundry Add Add Other
(H) Home Personal Leisure Category Category
(S) Self Care
Running Total:
Total Spent Comments:
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Unit 2: Worksheet 2.1 Personal Financial Goals
Setting goals for your financial future is an important step
in the financial planning process. This sheet can be used
to help you plan for your financial success.
Steps:
1. Place each goal in the appropriate area and indicate
the priority, expected date of completion, and the estimate
of cost each week. Provide goal comments in column G.
2. Once completed, make sure you carry over the monthly
costs for your investments to your U2 2.2 Personal
Annual Budget worksheet.
Jan
INCOME
Wages $0.00
Interest/dividends $0.00
Miscellaneous $0.00
Income totals $0.00
EXPENSES
Home
Mortgage/rent
Utilities $0.00
Home telephone $0.00
Cellular telephone $0.00
Home repairs $0.00
Home improvement $0.00
Home security $0.00
Garden supplies $0.00
Home totals $0.00
Daily living
Groceries $0.00
Child care $0.00
Dry cleaning $0.00
Dining out $0.00
Housecleaning service $0.00
Dog walker $0.00
Daily living totals $0.00
Transportation
Gas/fuel $0.00
Insurance $0.00
Repairs $0.00
Car wash/detailing services $0.00
Parking $0.00
Public transportation $0.00
Transportation totals $0.00
Entertainment
Cable TV $0.00
Video/DVD rentals $0.00
Movies/plays $0.00
Concerts/clubs $0.00
Entertainment totals $0.00
Health
Health club dues $0.00
Insurance $0.00
Prescriptions $0.00
Over-the-counter drugs $0.00
Co-payments/out-of-pocket $0.00
Veterinarians/pet medicines $0.00
Life insurance $0.00
Health totals $0.00
Vacations
Plane fare $0.00
Accommodations $0.00
Food $0.00
Souvenirs $0.00
Pet boarding $0.00
Rental car $0.00
Vacations totals $0.00
Recreation
Gym fees $0.00
Sports equipment $0.00
Team dues $0.00
Toys/child gear $0.00
Recreation totals $0.00
Dues/subscriptions
Magazines $0.00
Newspapers $0.00
Internet connection $0.00
Public radio $0.00
Public television $0.00
Religious organizations $0.00
Charity $0.00
Dues/subscription totals $0.00
Personal
Clothing $0.00
Gifts $0.00
Salon/barber $0.00
Books $0.00
Music (CDs, etc.) $0.00
Personal totals $0.00
Financial obligations
Long-term savings $0.00
Retirement (401k, Roth IRA) $0.00
Credit card payments $0.00
Income tax (additional) $0.00
Other obligations $0.00
Financial obligation totals $0.00
Misc. payments
Other $0.00
Other $0.00
Other $0.00
Other $0.00
Other $0.00
Misc. payments totals $0.00
1. What would you do if you suddely lost your job and had no
income?
Place the amount you have spent in the categories provided below. Additional categories
can be added in columns J and K. Make sure you record cash spent and credit card
charges. If you have more than one transaction for the same category, total the amounts
spent and add it to the appropriate cell in this worksheet. The total expenditures in column
M will automatically compute each day. Explain daily expenditures in the comments section
in column N. If your entire comment does not appear in column N, double-click on the row
dividing line to automatically enlarge the cell to fit the text.
Provide a brief summary of your expenditures for week three and answer each question
posted below.
Please save this spreadsheet each time you add information. When you are ready to
submit, save your workbook by clicking the Office button at the top of your spreadsheet
then click Save As. Name the file Username-AB104 Financial Plan Workbook Unit#.xlsx
(Example: TAllen- AB104 Financial Plan Workbook Unit1.xlsx)
19-Jul-22
20-Jul-22
21-Jul-22
23-Jul-22
24-Jul-22
25-Jul-22
26-Jul-22
2. Are there any banking fees that you encounter each month? What actions might be
taken to reduce or eliminate these cash outflows?
I don't have bank fees, but if I did, I would eliminate waiting until the last day to pay my
bills.Cut cost; stay on top of payments that need to be made.
The area I would reduce.would be on my game playing time, also trying to be better with my
safety, so I don't hurt myself. And revised, I would make sure I put away for emergencies.
Day of week Auto Food Health, Education Recreation Donations Laundry Add
(H) Home Personal Leisure Category
(S) Self Care
$183.00
$200.00
$0.00
$60.00
$105.00
$23.00
$0.00
Running total: $571.00
Unit 3: Worksheet 1: Balance Sheet
The personal balance sheet is a summary of your assets (what you own), your liabilities (what you
owe), and your net worth (assets minus liabilities).
Steps:
1. List the value of your assets according to the categories in column B of the worksheet.
2. List the value of your liabilities according to the categories in column E of the worksheet.
3. The net worth is calculated and displayed in cell E34.
Balance Sheet
Liquid Assets
Cash on hand
Checking accounts
Savings account
Money market accounts
Certificate of deposit
Short term investments
Total Liquid Assets
Real Property
Primary Residence
Second Home
Other
Total Real Property
Investments
Stocks
Bonds
Mutual Funds
Retirement Fund, IRA
Other
Total investment Assets
Personal Property
motocycle
Auto
Recreation Vehicles
Household furnishings
Jewelry and artwork
stamp collection
baseball card collection
Total Personal Property
Total Assets
Current Liabilities
$31.00 Utlities $50.00
$984.50 Rent $300.00
$208.98 Insurance premiums $55.00
$0.00 Taxes $0.00
$0.00 Medical/dental bills $0.00
$0.00 Repair bills $0.00
$1,224.48 Bank Credit Card bills $35.00
Store Credit Card bills $0.00
Travel/entertainment bills $0.00
$0.00 Gas credit cards $0.00
$0.00 Bank line of credit $0.00
$0.00 Other liabilities $0.00
$0.00 Other liabilities $0.00
Total Current Liabilities $440.00
Steps:
1. List all of your income.
2. List all of your expenses according to each category.
3. The cash surplus or cash deficit is automatically calculated in cell D59.
Cash surplus/deficit formula: total Income (D20) minus total expenses
(D57).
Laura Briseno
5/1/2022-5/31/2022
Income
Wages and Salaries Name of Earner:
Name of Earner:
Name of Earner:
Self-employment Income
Bonuses and Commissions
Investment Income
Expenses
Housing
Utilities
Food
Transportation
Medical
Clothing
Insurance
Taxes
Credit Cards
Major purchases
Personal Care
Entertainment
Other Items
Laura Briseno $3,542.00
$0.00
$0.00
$0.00
$0.00
Interest received $0.00
Dividend received $0.00
Rents received $0.00
Sale of Securities $0.00
Other $0.00
Other $0.00
$0.00
$0.00
$3,542.00
Rent/Mortgage payment
$350.00
Repairs, maintnenace,
improvements $0.00
Gas $20.00
Electric $50.00
Water $30.00
Phone $51.00
Cable $89.00
Other $0.00
Groceries $255.00
Dining Out $230.00
Auto Loan Payments $0.00
Licenses plates, fees $0.00
Gas, oil, tires, repairs $35.00
Health major medical,
insurance $0.00
Doctor $0.00
Dentist $0.00
Medicines $34.00
Clothes shoes, accessories $0.00
Homeowner's
Life Insurance $0.00
Auto Insurance $55.00
Income and Social Security $0.00
Property (if not included in
mortgage) $0.00
Loan payments $0.00
Loan payments $0.00
Repairs & maintnenance $0.00
cosmetics, hair care etc.
$45.00
Other $0.00
Vacations $0.00
camping/fishing $120.00
student loan payments $0.00
Gifts $0.00
Charitable contributions $0.00
4. Calculate the taxes on your monthly savings. Even though you may be saving money with the refinance
5. The monthly savings after tax will be automatically calculated in cell H17.
6. Enter the costs to refinance your mortgage. Check your mortgage papers or
lender’s policy to find the prepayment penalty.
7. The months to breakeven are automatically calculated in cell H22. This is
calculated by taking the total refinancing costs (H21) and dividing it by your monthly
savings after tax (H17).
Blank
Blank
Blank
Blank
Blank
Blank
Blank
Blank
Blank
Blank
Blank
Blank
Item/Description Amount
1. Current monthly payment $0.00
2. New monthly payment $0.00
3. Monthly savings, pretax (Item 1 - Item
2) $0.00
4. Income Tax Bracket (Enter as
decimal) 0%
Tax on monthly savings (Item 3 x Item 4) $0.00
5. Monthly savings, after-tax (Item 3 - Item $0.00
6. Costs to refinance:
a. Prepayment penalty $0.00
b. Total closing costs (after tax) $0.00
c. Total refinancing costs (Item 6a + 6b) $0.00
7. Months to breakeven (Item 6c/Item
5) #DIV/0!
Unit 4: Worksheet 2: Home Affordability
Analysis
Directions: There are nine items to fill in on this sheet.
Name:
Item
1
2
3
4
5
6
7
8
9
10
11
12
Date:
Description
Amount of annual income
Monthly income (Item 1 divided by 12)
Average lender's affordabilitiy ratio
Maximum monthly mortgage payment (PITI)
Estimated monthly property tax and homeowner's
insurance payment
Maximum monthly loan payment (Item 4-Item 5)
30%
$0.00
$0.00
$0.00
#DIV/0!
#DIV/0!
Unit 5: Worksheet 1: How's My Credit?
This worksheet will help you to determine your debt safety ratios. It indicates the amount of debt you have
compared to your income. The debt safety ratio will indicate the percentage of your monthly income that is
attributed to debt (what you owe). When completing this worksheet, you will use your monthly income and
total monthly debt to calculate your debt ratio.
Steps:
-Enter your monthly loan payments and take home pay.
-The debt safety ratio will automatically calculated by taking your total monthly payments and dividing it by
total monthly take home pay. That amount will be multiplied by 100. We use 100 because we are looking f
percentage.
- Example: $1500 (total Monthly payments / $4,500 (monthly take-home pay) x 100 = 33.33% this will be y
ratio.
- This example indicates that you spend 33% of your income for debt each month.
**Note: The final figure will tell you how much you will need to pay additionally on your debt each month to
your desired debt ratio.
Type of Loan
Auto and personal Loans
Education loans
Current monthly or
Lender minimum payment
1 $0.00 Note: Only use those loans that
2 $0.00 require regular monthly payments
3 $0.00
1 $0.00
2 $0.00
3 $0.00
1 $0.00
2 $0.00
$0.00
1 $0.00
2 $0.00
3 $0.00
4 $0.00
1 $0.00
TOTAL
MONTHLY
PAYMENTS $0.00
1 $0.00
2 $0.00
TOTAL
MONTHLY
TAKE-
HOME PAY $0.00
#DIV/0!
0%
$0.00
Unit 5: Worksheet 2: Tracking Your
Consumer Debt
This worksheet will keep you updated on how much
debt you currently have. You will list all your debts
(money you owe) and their current balances. This will
be a good tracking tool for your debt and will need to
be updated frequently.
Date:
2
3
4
5
6
7
Overdraft protection Line
Personal Line of Credit
Home equity creditline
loan on life insurance
Margin loan from broker
Other Loans 1
2
TOTALS
Current Latest Balance
Monthly Due
Payment*
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
Unit 6: Worksheet 1: Life Insurance
Needs
This worksheet will assist you to determine the
amount of life insurance coverage you will need to
help your family financially upon your death. It uses
the money which will be available, as well as the total
expenses incurred at your time of death, and the debt
you will owe.
A. Costs at death
1. Uninsured medical
expenses (deductible and
copay)
3. Settlement of estate
(estimate 4% of assets)
4. State inheritance taxes (if
any)
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
or spouse $0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
vivor benefits $0.00 $0.00
$0.00 $0.00
und needs
Years = 0 $0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
$0.00 $0.00
Unit 7: Worksheet 7.1 Stock Trader
Directions: You are given $10,000 to invest in the stock market. You are to pick stock of your
choice. No more than three different stocks and you must invest the whole $10,000. You will enter
your stock name, symbol, the date, the price and the total number of shares purchased. Each week
you will check your stock and record the current market value. In the comment section you will note
any changes and the possible reasons for the change. You will do this during all units between
starting with Unit 2 and ending with Unit 7.
Section A: In this area you will record your initial Purchase of the stock.
Stock name
Date
Symbol
Purchase Price
# of shares
Total Investment
Section B: In this area you will record your weekly market value of your stock.
Unit 3
Unit 4
Unit 5
Unit 6
Unit 7
Section C: This calculates the amount of investment per week based on current week stock
price and number of shares.
Unit 3
Unit 4
Unit 5
Unit 6
Unit 7
Gain or loss
Section D: In this section you will record comments from each unit and answer the 4
questions below.
Comments:
Unit 2
Unit 3
Unit 4
Unit 5
Unit 6
Unit 7
2. How will the current market value of your stock affect your finances?
3. How can any future investment you make affect your financial plan?
4. How will your financial plan help your with any future investments for your personal
wealth?
Stock 1 Stock 2 Stock 3
$ - $ - $ - $ -
Total
Current Price Current Price Current Price Investment
Date Stock 1 Stock 2 Stock 3 Each Week
12/30/1899 $ - $ - $ - $ -
12/30/1899 $ - $ - $ - $ -
12/30/1899 $ - $ - $ - $ -
12/30/1899 $ - $ - $ - $ -
12/30/1899 $ - $ - $ - $ -
$ -
Unit 8: Worksheet 1: Retirement Needs
MONTHLY INCOME
NOW
Salary (including spouse)
Commissions, Bonuses, Tips
Interest, Dividends
Social Security
Rental Income
Pensions
Annuities
Veterans Benefits
Other Income
TOTAL INCOME (A) $ -
MONTHLY EXPENSES
NOW
Housing
Mortgage
Property Tax
Homeowner’s Insurance
Rent
Utilities
Maintenance Fees
Food
Groceries
Dining Out
Transportation
Vehicle Maintenance
Fuel
Auto Insurance
Public Transportation
Health Care
Medical Services
Medications and supplies
Health Insurance
Personal Insurance
Life Insurance
Disability Insurance
Long-term insurance
Other insurance
Personal expenses
Clothing
Products and services
Miscellaneous Expenses
Loans and Credit cards
Travel or vacation
Hobbies
Gifts
Education
Charitable Contributions
Other
TOTAL MONTHLY EXPENSES (B) $ -
Retirement Needs:
NOW: A - B =surplus or (deficit) $ -
Retirement: A - B =Surplus or (deficit)
RETIREMENT
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
RETIREMENT
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Unit 8: Worksheet 8.2 Inflation Table