Complete the Assessment 3 Word Template [DOCX] to explain and reflect on the
process and results of your personal financial analysis Remember to turn

Complete the Assessment 3 Word Template [DOCX]

Assignment Instructions:
Read the scenario below to understand the context for this assessment. Review the

Assessment 3 Excel Template
[XLSX] and Assessment 3 Word Template [DOCX]. These completed templates will be your deliverables for this assessment.

Make sure you have completed all sections of the Excel template and are providing at least one paragraph (4–7 sentences) per section in the Word template.

Scenario
Three months have passed since you created your initial financial plan ( Assessment 2). A friend who is studying to become a financial advisor recommends that you check in on your progress toward your savings goal.

She volunteers to help you conduct a financial analysis of your personal budget over three months.

You meet with your friend each month to go over your analysis. In her studies, she is learning that people understand budget concepts better when they are represented as visuals, so she asks you to create some.

In this assessment, you will make three monthly budgets.

Your income increases each month, the formulas for these increases are already in cells H7 and M7 of the Assessment 3 Excel Template [XLSX].

Additionally, in the Month 2 Budget and the Month 3 Budget, some cells (H16 and M12) have been filled in with a formula to represent an unexpected expense in that expenditure category for the month.

Do not change these cells.

For months 2 and 3, you will need to reallocate your budget around your increased income and unplanned expenses.

Instructions
Using what you have learned about budgeting, Excel, and creating data visualizations, complete the Assessment 3 Excel Template [XLSX].

Then, complete the Assessment 3 Word Template [DOCX] to explain and reflect on the
process and results of your personal financial analysis Remember to turn in both completed templates once you are finishe d.

Attachments

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