Assignment 3: Impact of Economics on Daily LivingDue: Week 10Points: 105
Skill(s) Being Assessed: Problem Solving
Criteria for Success: In this assignment, you will:
Create three monthly budgets using Excel for a financial analysis.
Summarize the change in expenditures between budgets.
Show the findings of your personal financial analysis using appropriate graphs/charts in Excel.
Explain how the chosen graphs/charts help someone to better understand the presented financial data better than other potential graphs/charts.
Discuss the results of financial analysis including overall progress towards saving goals, potential changes in budget that can be made in the future, possible economic/life impacts that may affect their budget in the coming year.
Reflect on what your financial analysis might reasonably look like in a year taking into account income growth and inflation of consumer prices.
What to submit/deliverables: A completed Assignment 3 XLS Template and a completed Assignment 3 Financial Analysis Explanation Word Template.