Tag: Expenditure

25. Budgeting Income to Expenditures

Kia Ora, Reader!

Today we are learning how to use spreadsheets and income and expenditures. For Maths, the year 8 has been looking into financial planning and how it works. We’ve looked at what income and expenditure were, comprehending the usage and definition.

In the textbook, there was an equation that shows the table of Harper’s monthly budget (Harper is an example person) which shows her income, amount, then expenditure and the amount for that. Since there was a table (like with columns) that showed what she had spent.

On the other hand, we’ve learnt how to use the tools in Google Spreadsheets and creating our understanding relevant to Harper’s monthly budget.

What Her Monthly Budget Looks Like

So what we know about her, is that she’s a babysitter and has a balanced budget, since her expenditure amount is lower than her income, which basically sums up what expenditure means. Income is the amount of money you’re receiving as in like paying.

In the sheets, I’ve learnt something new.

Sharing What I’ve Learnt

As you can see in the video, I highlighted the list of the amount then clicked on a special sigma “E” looking symbol and then moved onto ‘SUM’. Clicking Sum just pretty much sums up the money In total. Clicking the enter button will allow the outcome to be shown. I find it fascinating that when I change up the numbers (with the summing still activated) it changes the total that I’ve added. Cool, right?

I hope you understood what I learnt. Any thoughts or ideas? Comment them down below.

Bye!