Finance & Career Prep
Budgeting
Task 2:
Based upon your expenses from your REALITY CHECK from Task 1, You will be making a budget on Excel
(Online version) which consists of the basic budgetary items used by most people/families found in the
results of your Reality Check.
The STEP-BY-STEP Instructions Below, Will have you create 4 worksheets in your Excel workbook. For
each worksheet you make, you will be given a specific budget amount that is represented by the
different obtainable levels of education.
Read the instructions carefully.
1. Name the first worksheet tab LESS THAN HIGH SCHOOL. (down at the bottom)
a. To change the name of a tab, double click on the name of the tab (sheet 1) and type
the new name.
b. Add THREE NEW SHEETS
2. Name the second worksheet tab HIGH SCHOOL GRAD.
3. Name the third worksheet tab BACHELORS DEGREE.
4. Name the fourth worksheet tab MASTERS DEGREE. Your tabs should look like:
5. On the LESS THAN HIGH SCHOOL tab, click in cell A1 and type the heading “PERSONAL
BUDGET FOR (your name)”.
6. Highlight the Cell Range A1:D20. Add all borders around each cell.
7. Resize the width of Columns A:D to 150 pixels.
8. Highlight the cell range of A1 through D1.
Finance & Career Prep
Budgeting
a. Click on the “Merge and Center” tool on the Home Tab in the Alignment Group.
This tool is in the “Alignment” group.
9. Click in cell A2 and type the subheading “LESS THAN HIGH SCHOOL” SALARY.
a. Highlight the range A2 through D2, Merge and Center the subheading.
b. Highlight A3:D3, Merge & center the empty cells
A1:D3 Should Look Like:
10. In Cell A4, Type “Expense”. In cell B4, type “Amount”. Highlight A4:B4, bold the words and
align them to the center of the cell.
11. In cell A5:A16 Fill in the following under the Expense Heading. Make sure they are aligned to
the left of the cells.
12. Fill in the “Amount” column with the “Reality Check” monthly expense numbers you
collected.
Finance & Career Prep
Budgeting
*DONT WORRY ABOUT INCOME TAX IF YOU HAVE IT
13. Highlight cells B5:B20, change the NUMBER FORMAT to CURRENCY
14. Do the Same for cells D17:D20.
a. Currency adds the dollar sign to the cell, so you don't have to type it out.
15. Highlight cells B5:B20, and D17:D19 make sure the values are aligned in the CENTER of the
cells.
16. In cell A17, Type “Total Expenses”.
17. In cell A18 Type, “Max”.
18. In Cell A19 type, “Min”.
19. In Cell A20 type, “Average’
20. In Cell C17 type, “Monthly Income”.
21. In Cell C18 type, “Expenses”.
22. In Cell C19 type “Balance”.
23. Highlight & merge cells C4:D16 into one larger cell
24. Highlight Cells A3:D3, and C20:D20 and fill them with the color black. No data will go in these
cells.
Finance & Career Prep
Budgeting
25. You should have everything from the Image above at this point. If not be sure to add what
you are missing as well as format and align things correctly.
26. Click in cell B17. Put a formula in this cell that will add up the totals from above it (your
expenses).
27. Click on the Autosum “∑” tool from the “Editing” group on the ribbon.
a. Make sure that Excel is adding up B5:B16. Hit” Enter”
Finance & Career Prep
Budgeting
b. When a formula is created in Excel it always starts with an equal sign (=).
c. When you include a ‘range’ of cells in a formula you use a colon (:) to say through.
28. Click in cell B18. Put a formula in this cell that will find the largest number in the totals from
above it (your expenses).
a. Click on the little arrow by the Autosum tool. Choose “Max” from the options.
29. Click in cell B19. Put a formula in this cell that will find the smallest number in the totals
from above it.
30. Click in cell B20. Put a formula in this cell that will find the average from the totals from
above it.
31. Click in cell D18. Type the following formula: =B17
32. Click in cell D19. Type the following formula: =D17-D18
Finance & Career Prep
Budgeting
a. This formula will tell us later how much money is available after we take our monthly
paycheck and subtract the expenses we must pay.
33. Highlight cells A1 through D20. Right Click and Copy.
34. Click on the tab from the bottom that says “High School Graduate”.
35. Click in Cell A1. Right Click and Paste.
a. Notice how everything from the first tab is now in this worksheet – including the
formulas.
b. Be sure to adjust your column width if the formatting doesn't carry over completely.
36. Repeat this process with the tabs “Bachelor’s Degree” And “Master’s Degree”.
a. EACH TAB SHOULD HAVE THE SAME Formatted Spreadsheet
37. Click on the “Less Than High School” tab.
a. Click In cell C4:D16, go to the insert tab and insert an online picture related to “high
school education.
38. Click on the “HIGH SHCOOL GRAD” tab.
a. Click In cell C4:D16, go to the insert tab and insert an online picture related to “High
School Graduates”
b. Click in cell A2 and type the subheading “HIGH SCHOOL GRAD” SALARY.
39. Click on the “Bachelor's Degree” tab.
a. Click In cell C4:D16, go to the insert tab and insert an online picture related to
“College Diplomas”
b. Click in cell A2 and type the subheading “BACHELOR’S DEGREE” SALARY.
40. Click on the “Master’s Degree” tab.
a. Click In cell C4:D16, go to the insert tab and insert an online picture related to
“Master’s Degrees”
b. Click in cell A2 and type the subheading “MASTER’S DEGREE” SALARY.
41. Click on the “Less Than High School” tab.
42. Click in cell D17. Type the monthly income of 2427.20 for LESS THAN HIGH SCHOOL
GRADUATE.
b. Notice how the formula in cell D18 automatically updates to show how much money
we have left after expenses are paid.
43. Put in the Monthly Income for the other worksheets.
a. HIGH SCHOOL GRADUATE 3058.60 net per month
b. BACHELOR’S 5116.80 net per month
c. MASTER’S 6137.70 net per month
Finance & Career Prep
Budgeting
Once you have completed ALL FOUR worksheets in your Workbook, name it:
Firstname_Lastname_B2 and submit it to the Teams assignment.
Spreadsheet: Uploaded & Printed Formulas
Appearance _____/7
Accurate data entry and formulas _____/12
Currency with 2 decimals _____/2
Pictures inserted into assignment _____/4
_____/25
