Impact of Economics on Daily Living Week 10 105 Problem Solving In this assignment, you will: A completed and a completed One way to check your progress towards your financial goals is to conduct a personal financial analysis. This will help you see how well you have stayed on track with your finances over a period of time. Using technology can help you stay organized throughout your analysis, as well as help visualize financial data. Displaying the data visually will allow you to observe general trends in your personal finances and to communicate about them effectively. For this assignment you will be using Excel as your technology tool to analyze personal financial data and display that data visually. There are many other technologies available for personal or professional use that can be used for this type of analysis. The approach to learning and working with Excel software in this course is one you can apply to other technology tools in your life and career. Build your confidence and practice in the technology skill by conducting a personal financial analysis using a technology tool. You will use Excel to organize three monthly budgets, visualize this financial data using charts and graphs/charts, and discuss the results of your financial analysis, including progress towards your selected financial goal from Assignment 2. In Week 10, submit your assignment in BlackBoard by following these steps: Read the following scenario and review the Use the and take the income and expenditures from Assignment 2 to use as your starting point for your Month 1 Budget. Fill in the cells of each monthly budget table to show how you would choose to allocate your income each month. Use formulas to fill in the percentage columns for each monthly budget. Create three appropriate graphs/charts (one for each month) in Excel to show the findings of your personal financial analysis. Each should show how you have allocated your income among the various categories. Create a graph that shows your progress towards your savings goal across all three monthly budgets. In the , explain the reason why you chose the graphs/charts you did. How do the graphs/charts you created help someone understand the financial data? Also in the Word template, discuss the results of your financial analysis including overall progress towards saving goals, potential changes in your budget that can be made in the future, and possible economic or life impacts that may affect your budget in the coming year. Finally, in the Word template reflect on what your financial analysis might reasonably look like in a year taking into account income growth and inflation of consumer prices. After completing all questions in the save your responses as a Excel file titled: Your Name, and upload to BlackBoard in Week 10. Do the same thing with the Word template. Make sure to also review the scoring rubric before submitting. Grading for this assignment will be based on the following rubric: Purchase the answer to view it
