Optional Activity 5-B2: Creating a budget in a spreadsheet

 

The purpose of this activity is for you to create a budget in a spreadsheet. You can refer to the tip sheets that are provided. These tip sheets are available as links throughout the activity, but you can also reach them by using the Tips menu or the search button at the top of this page.

First read through all the points below and then proceed with the activity step by step, according to your previous experience.

1. You will be creating a budget spreadsheet like the one used by Senzo in the case study.
Note: the currency symbol in this example is an R. This will differ for your country.

EITHER

If you still feel unsure about using a spreadsheet, we recommend that you follow the explanations step-by-step.

Save your work regularly as you work on this budget. Save to a file called Budget.

OR

If you feel comfortable with using a spreadsheet, print out the spreadsheet developed by Senzo. Use the printout to create a budget like Senzo's one.

Save your work regularly as you work on this budget. Save to a file called Budget.

Remember to use a formula to calculate the amounts in B7, B25 and B26. In other words, do not type in an amount that the spreadsheet can calculate the total for you.

2. Once you have completed the spreadsheet, save the file called Budget and send it as a file attachment in email to your tutor (using the subject heading "Budget") .

You may like to go one step further by adding values and formatting your budget worksheet. Click here to do optional Activity 5B-3

The following spreadsheet concepts are used in this activity. Follow the links to these tips if you are still not familiar with any of these concepts.

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