Monthly expenses might include rent,
utility costs, personal loans, car loans, credit cards, groceries,
childcare, vehicle maintenance costs and insurance, phone charges, and
cable or streaming costs. Cash flow considerations might include monthly
salaries, commissions, and allowances.

You can use any budget format that you
are comfortable with, or you may select a free template. Your budget
should be completed using Excel. Once you have completed your budget, in
a separate Word document, address the information below.

How can the use of the budget be used in the planning process?
How can this financial information influence short-term and long-term decisions?
Based on your personal budget, what are your static expenses? What are your flexible expenses?
As an accountant, reflect on how you can use what you have learned in this activity in the workplace.