Our orders are delivered strictly on time without delay
Paper Formatting
Double or single-spaced
1-inch margin
12 Font Arial or Times New Roman
300 words per page
No Lateness!
Our orders are delivered strictly on time without delay
AEW Guarantees
Free Unlimited revisions
Guaranteed Privacy
Money Return guarantee
Plagiarism Free Writing
Job Search and Household Budget Creation
Conduct a short internet job search for the type of position you will be applying for once you have completed your education. Consider your work experience in this search. For example, if you have no experience in field, please search for entry level positions or the type of position someone with your background could reasonably qualify for. Look for three positions that include wage/salary information. Once you have found 3 job ads that include salary information, determine the average starting salary and use this as the basis for your household budget.
Create an Excel spreadsheet of your own design to breakdown your household budget. List monthly expenses and monthly income. You will need to list your expenses for 12 months (so you should have columns for each month). Remember your expenses are not always the same every month (for instance your electric bill could fluctuate based on how hot it is). Be sure to format the expenses and income as currency using one of the formatting options in Excel. Do NOT use an online template. The designs must be easy and logical to read. You should start from a blank, clean, Excel document.
Job Search and Household Budget Creation
Job Search Results
Job Position 1: Marketing Coordinator (Entry-Level)
- Company: ABC Marketing Solutions
- Location: Remote
- Salary: $48,000 per year
- Description: Assist in the development and execution of marketing campaigns, coordinate social media strategies, and analyze market trends.
Job Position 2: Research Assistant
- Company: XYZ Research Institute
- Location: City, State
- Salary: $40,000 per year
- Description: Support research projects by collecting data, performing literature reviews, and preparing reports.
Job Position 3: Customer Service Representative
- Company: 123 Services Inc.
- Location: City, State
- Salary: $36,000 per year
- Description: Handle customer inquiries, resolve issues, and provide product information through various communication channels.
Average Starting Salary Calculation
To determine the average starting salary:
- Marketing Coordinator: $48,000
- Research Assistant: $40,000
- Customer Service Representative: $36,000
Average Salary Calculation:
[
\text{Average Salary} = \frac{(48,000 + 40,000 + 36,000)}{3} = \frac{124,000}{3} = 41,333.33 \text{ (approximately $41,333)}
]
Household Budget Using Excel
Step-by-Step Creation of Excel Spreadsheet
1. Open a new Excel document.
2. Set up the columns with the following headers:
- A1: "Expense Category"
- B1: "January"
- C1: "February"
- D1: "March"
- E1: "April"
- F1: "May"
- G1: "June"
- H1: "July"
- I1: "August"
- J1: "September"
- K1: "October"
- L1: "November"
- M1: "December"
- N1: "Annual Total"
3. List your monthly expenses in column A (starting from A2):
- Rent/Mortgage
- Utilities (Electricity, Water, Gas)
- Internet/Phone
- Groceries
- Transportation (Gas/Public Transport)
- Insurance (Health/Auto)
- Entertainment
- Miscellaneous
4. Fill in the estimated monthly costs for each category from January to December. Adjust costs for fluctuating expenses like utilities and groceries.
5. In column N (Annual Total), use the SUM formula to calculate the total expenses for each category.
6. Add a row at the bottom for “Total Expenses” that sums up all monthly expenses for each month.
7. For income, you can create a new section below the expenses with the headers:
- A (next available row): "Income"
- B (next available row): "Monthly Income"
- C (next available row): "Annual Income"
8. Enter your average starting salary for monthly income calculation:
[
\text{Monthly Income} = \frac{41,333}{12} \approx 3,444.42
]
9. Use a formula to calculate annual income based on monthly income.
Formatting
- Select all currency cells and apply currency formatting.
- Use bold text for headers.
- Consider using colors or borders to separate sections clearly for readability.
Example of Household Budget Structure in Excel
Expense Category January February March April ... December Annual Total
Rent/Mortgage $1,200 $1,200 $1,200 $1,200 ... $1,200 =SUM(B2:M2)
Utilities $150 $120 $130 $140 ... $160 =SUM(B3:M3)
Internet/Phone $80 $80 $80 $80 ... $80 =SUM(B4:M4)
Groceries $300 $350 $320 $310 ... $350 =SUM(B5:M5)
Transportation $100 $90 $100 $110 ... $95 =SUM(B6:M6)
Insurance $250 $250 $250 $250 ... $250 =SUM(B7:M7)
Entertainment $150 $100 $120 $140 ... $130 =SUM(B8:M8)
Miscellaneous $50 $60 $40 $30 ... $55 =SUM(B9:M9)
Total Expenses =SUM(B2:B9) ... ... ... ... ... =SUM(B10:M10)
Conclusion
Creating this household budget allows you to visualize your potential financial situation based on entry-level job expectations. It helps in understanding where your income will be allocated and prepares you for future financial planning as you enter the workforce.