FIN210 Grantham University Household Budget Paper

User Generated

pbyn87

Business Finance

FIN210

Grantham University

Description

  1. Create a simple household budget, including all income and expenses. There are various templates available online to help you do this. Find one that you feel comfortable with and that fits your needs to complete this activity. Submit the complete budget along with the written portion for this assignment.
  2. Were you surprised by anything when you created the budget? Do you think you will use it and follow it?
  3. How might a career change (perhaps into the field you researched for the discussion forum) and further education affect your budget?

Criteria:

The requirements below must be met for your paper to be accepted and graded:

  • Write a minimum of 400 words (approximately 2 pages) using Microsoft Word.
  • Attempt APA style, see example below.
  • Use font size 12 and 1” margins.
  • Include cover page and reference page.
  • At least 60% of your paper must be original content/writing.
  • No more than 40% of your content/information may come from references.
  • Use at least two references from outside the course material, preferably from EBSCOhost.
  • Text book, lectures, and other materials in the course may be used, but are not counted toward the two reference requirement.
  • Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must be identified in the paper and listed on a reference page.
  • Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must come from sources such as, scholarly journals found in EBSCOhost, online newspapers such as The Wall Street Journal, government websites, etc.
  • Sources such as Wikis, Yahoo Answers, eHow, etc. are

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Explanation & Answer

Thank you for working with me

Running head: BUDGET

1

Budget
Name:
Institution:

BUDGET

2

Budget
My household budget features regular items such as food, healthcare, car insurance, rent,
entertainment, and other typical monthly expenses. The total expenses amount to $2122 against
an income of $3000, which is significantly lower than the Bureau of Labor Statistic’s estimated
average monthly expenses of about $5000 per household in the United States.
While creating the budget, I realized some surprising facts. First, the failure to make a
monthly budget often leads to overspending. For instance, I based my food budget on some
receipts for past purchases at grocery stores. I then compared the same with the amount of
money I spent at fast food restaurants or on takeout and discovered that buying groceries and
making home-cooked meals would have cost me half the amount I spent the past month. After
realizing that I was able to come up with creative ways to sav...


Anonymous
Really useful study material!

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