18 Jun WHAT TECHNIQUE DID YOU USE TO TRA
WHAT TECHNIQUE DID YOU USE TO TRACK YOUR EXPENSES?
September 20, 2018Posted by: kajo No Comments
Beginning today, track every time you make a purchase with cash, credit, debit, check, etc.
Do not distinguish between credit or money from your bank account, just keep a record of every dollar that leaves your hands.
Accept receipts or ask for them if they are not offered.
Record at a minimum the date, amount spent, and the name of the business.
It may be helpful to add additional information, such as what the expense was for, in cases where a business caters to multiple needs. This will be helpful when it comes time to generate your reports.
For example: Shopping at Hyvee could mean you bought gas for your car, groceries, take out Chinese food, or bathroom supplies.
You may also use Apps/services that are designed for expense tracking such as Mint.com. But, if you use a service like that, you should review receipts daily with what the service has recorded, and update fields such as notes/categories to ensure accuracy of your report. Extra care will be needed to track cash expenses too.
At the end of the one-month period you will upload the following two items on Canvas by 11:59pm October 24, 2016.
Reaction Report (10pts) for [proper formatting, grammar, length, thoughtfulness of answers]:
This report will consist of a one page, double spaced, Times New Roman 12 font, reaction to the evaluation of your spending habits.
Answer these questions: What technique did you use to track your expenses? What did you discover? Were you surprised (why/why not)? What trends stand out? What were your expectations? Will this exercise influence your future behavior (why/why not)? How do you think this compares to the average college student?
Offer any additional musings you may have about this exercise.
Graphical Report (10pts) for [proper content, neatness, clarity]:
This should have lists of individual expenses, categorized by groupssuch as food, gas, medical, etc. with date and amount spent.
In addition there should be some form of graphical representation, in the form of a pie chart, bar graph, or both with keys, representing the data in the lists.
This should be on its own page, separate from the Reaction Report.
***
Included with this document are samples of formatting which can be used for reference. The Reaction Report is the only portion that has strict formatting requirements. The Graphical Report can be formatted as you see fit, so long as the requested information is presented.
Reaction Report
How paragraph settings should be set.
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