Creating a spreadsheet track personal business expenses is an excellent use of Microsoft Excel.  For this exercise, you will create a spreadsheet to enter a personal budget and track actual expenses for the year.  You may choose to use real data or create a fictitious budget using a monthly income amount of $2,500. 

You will create a personal budget to demonstrate your ability to correctly create and format an Excel spreadsheet and incorporate appropriate formulas to provide a useful budgeting tool for personal financing. After completing your budget, you will answer 3 "critical thinking" questions about your budget.

Here are suggested budget categories if you are not using a real budget.  At a minimum, you must have 9 budget categories: