Developing a Personal Budget and Making Calculations

Discuss how to develop a personal budget and make the necessary calculations.

Use an Excel sheet to make the necessary calculations of your monthly budget. If you do not master the use of the Excel sheet, present the work in Word, including two columns; one for income and the other for expenses. You must include the objects of expenditure for each activity. You must break down the two main areas as Income and Expenses, and at the end, indicate the profit or loss obtained.