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Excel Budget Planner

A prompt to accelerate your excel

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Prompt

Make a budget plan for the next 6 months using an Excel spreadsheet.

Example answer

  • Step 1: Create a spreadsheet in Excel and list out your income sources and regular monthly expenses.
  • Step 2: Estimate any irregular expenses such as car repairs or vacation costs that may come up in the next six months.
  • Step 3: Calculate how much you need to save each month to cover these irregular expenses.
  • Step 4: Set a budget for yourself by determining how much you plan to spend in each category each month. Consider setting aside money for a rainy day fund, if possible.
  • Step 5: Track your spending throughout the month. This will help you make adjustments if needed.
  • Step 6: At the end of each month, review your spending and determine whether you need to adjust your budget for the following month.