If You Had a Budget That You Had Created on Paper

question 32

Essay

If you had a budget that you had created on paper, describe the process you would take to transfer the data to a worksheet. What would be the advantages of using spreadsheet software such as Excel for your budget?

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Definitions:

Interest

The fee for lending money, usually shown as a yearly percentage of the main sum.

Months

Units of time corresponding roughly to one cycle of the moon's phases, typically used to measure periods within a year.

Invest

The act of allocating money or capital to an endeavor with the expectation of generating an income or profit.

Earn Interest

To receive interest as income from an investment or savings, calculated in various ways including simple or compounded methods.