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pc101 Applicationactivity Managingfinances
pc101 Applicationactivity Managingfinances
Part 1: Self-Reliance
1. Give at least two reasons why the self-reliant approach to finances can lead to greater
peace and stability for you. Use at least one specific example from the course reading or
your own life to support each reason in your response.
a. Reason 1: is to become a better person in this life and to get a better job so that I can
help others to do so as well.
i. Example from the course or your life to support this reason; is to help
others to do so
b. Reason 2: so that it will help them to get also a better job as they accept to do so
ii. Example from the course or your life to support this reason: to get a
better job, to be a better person, and also to have my own businesses
2. Give one reason why interest can hurt your finances. Use at least one specific example
from the course reading or your own life to support your response.
c. Reason: the interest can hurt me when I’m doing something that I’m interest then no
progressing it will hurt me too much.
iii. Example from the course or your life to support this reason: some time
when did no to my course the it is hurting me too much.
Part 2: Open and Download Needed Files for the Budget
3. Open your Expense Tracker Excel file. You were instructed to track all expenses and
income for two weeks.
a. If you had access to a bank, you didn’t need to track expenses on the Expense
Tracker file. It is now time to obtain a bank report of your recent account
activity.
4. Download the Budget Template Excel file. You will not turn in your actual budget but
use it to honestly answer the questions at the end of this document.
14. Notice this assignment did not ask you to put in any information into columns C and G.
Those columns are for you to fill in later. The course will not ask about this, but if you
stick to this budget, the actual amounts should generally be equal to or less than the
budgeted or expected amounts. It is up to you to manage your finances!
Part 5: Reflect
Answer the following questions:
17. Did you adjust the budget so your expenses did not exceed your income?
___Yes
___I didn’t need to
___No
18. Describe at least one challenge to keeping a budget where your expenses do not exceed
your income.
One challenge in maintaining a budget is unexpected expenses which can disrupt
financial plans and make it difficult to stay within the budget limits.
Submission Instructions
Just submit this document to the course for grading and feedback. You do not need to submit
the budget that you completed.