Finance 002 assignmet 1

Project #1:  Track Your Expenses 

In this assignment, you will:

Identify expenses incurred over the course of a 4-week period

If you spend money, save a receipt and write it down (this is cash out-flow)

• If you make money, keep a list (this is cash in-flow)
• Download & complete Project 1_TrackYour Expenses.xlsx Download Project 1_TrackYour Expenses.xlsx 
• Sample Project 1Download Project 1
• Using the Expense Tracking Worksheet (Project 1), write down all expenses you incur during a 4-week period.

At the end of the 4-week period, total your expenses on the “Project1-Track-Expense” Excel file. 

SAVE YOUR RECEIPTS: Only write down transactions for goods, services, bills, etc. 

Do not write down ATM cash withdrawals (that is not an expense). As you spend the cash you withdrew, record each transaction in your worksheet.

If you have difficulty remembering how much you have spent, use an envelope to keep track of receipts.

If you make a purchase that does not provide a receipt, use a scrap of paper to write it down and put it inside the envelope. Label your expenses.