The process of creating a plan to manage income and expenses effectively, ensuring financial stability.

Basic to intermediate abilities in using Microsoft Excel for data organization, calculations, and budgeting.

Specific objectives set for managing finances, such as saving a certain amount or reducing debt.

The practice of recording and categorizing expenditures to monitor spending habits.

Money set aside for future needs or emergencies, often kept in a separate account.

A structured method or software used to plan and track income and expenses.

The total earnings received from work, investments, or other sources.

The costs incurred for goods or services, including fixed and variable expenses.

Financial goals that are Specific, Measurable, Achievable, Relevant, and Time-bound.

Regularly assessing and adjusting a budget based on actual income and expenses.

The process of inputting financial information into spreadsheets or budgeting tools.

Mathematical expressions used in Excel to perform calculations on data.

A digital document organized into rows and columns for data management and analysis.

Pre-designed spreadsheets that simplify the budgeting process by providing a framework.

Examining financial data to identify trends in income and expenses.

The practice of holding oneself responsible for achieving financial goals.

Savings set aside specifically for unexpected expenses or financial emergencies.

Dividing expenses into specific groups for better tracking and management.

Using charts and graphs in Excel to represent financial information visually.

Modifying a budget based on changes in income, expenses, or financial goals.

Regular evaluations of budget performance to ensure alignment with financial goals.

The ability to understand and effectively manage personal finances.

Methods used to create and maintain a budget, such as zero-based budgeting.

Learning to use the Microsoft Excel interface to access tools and features.

Predefined calculations in Excel that perform specific tasks, like SUM or AVERAGE.

A personal record of thoughts and insights gained throughout the budgeting process.

Input and evaluations from fellow students to enhance learning and improvement.