Accounting and Finance Foundations

Unit 12

Accounting and Finance Foundations Unit 12: Budgeting and Business Plans 914

You can find many different helpful budgeting tools online, including some that you can download and

use offline—either on your computer or on your smartphone.

To become more comfortable using a spreadsheet program to maintain your budget, go to the Education

Cents web site at http://www.educationcents.org, and register for a free account.

Then, click on the See All Tools link in “My Toolbox” (just below the “Course Catalog” column) on

the web site home page. Select the Budget Worksheet—High School Student from the list of tools

(or click on https://www.educationcents.org/Calculators/Budget-Worksheets/High-School-Student.

aspx#HSStudentWorksheet). Download and save the Excel file.

Finally, open the file, and complete the projected monthly column based on your specific income and

expenses. Keep in mind that you probably won’t fill out every income or expense line. Then, keep track of

your income and spending for the next month. Will you come in over or under your budget?

Budgeting and Business Plans Student Guide

27.3.1 Budgets and Excel

Chapter 27