Week 1 Assignment
CIS331
Kevin Jayne
Zishan Umar
07/05/12

The real-world problem that I have is keeping track of my expenses and often falling behind in debt. It is not true that I am a heavy spender, and I make decent income to support myself and my expenses. The problem of not keeping track of my paid bills, due bill, due dates, automatic withdraw payments and my regular expenses have gotten me so frustrated that I gave up looking over my account and therefore, there is no savings. I don’t make enough money to hire an accountant, so I have decided to use the spreadsheets model so I can make better decisions about the problem. Spreadsheet models are also mathematical models, and its mathematics is more accessible than algebra and calculus. The spreadsheet is the second best way to do many kinds of analysis and is therefore the best way to do most of modeling. Spreadsheet based decision modeling is widely used in business today. The functionality provided within the current integrated packages allows users to develop very complex models. The purpose that I need the spreadsheet model is not going to be a complex model because it is for personal use. Budget spreadsheet is a basic practical tool to manage budget and thereby investments. I will use this to manage my money for any required purpose. Whether it is personal budget, family budget, household budget or home budget one can learn and manage to maintain budget using a budget spreadsheet. A budget spreadsheet will make it easy to manage income and expenses. It will also help me reduce the cost and gain benefits from my investments. Spreadsheet model will also allow me to avoid future debts or losses and it is better to do some math instead of loosing valuable money. There are a wide variety of budget spreadsheets available; I will choose a budget spreadsheet that considers many aspects so I am able to