Business Budget assignment

BUSN BE450 – Budget Assignment
30 marks – 10% of Final Grade

Due to Dropbox on Friday, February 14th at 11:59 pm
No late assignments or email submissions will be accepted

Don't use plagiarized sources. Get Your Custom Essay on
Business Budget assignment
Just from $13/Page
Order Essay

Purpose of the Assignment
Upon completion of this assignment, you will be able to:

Identify future career opportunities and respective implications on your financial plan;
Recognize the difference between gross and net income;
Calculate the monthly disposable income after planned savings;
Create a rational and realistic budget
Consider the implications of short term decisions on long term alternatives

The future is now! Assume that you have just graduated from your chosen program at Mohawk College and have successfully landed a job in your chosen field.

Create your budget!
Use the attached template to create your budget. Does it balance? Consider short-term, and long term changes you might need to make.
Estimate your Income:
Determine your entry level salary of your new job:

Find a REALISTIC position which you would qualify for on any legitimate website, for example:

You must include a copy of the job description (screen shot or text pasted in to report, NO LINKS) which includes location, salary expectation and qualifications as well as a personal reflection on why you would want this job (please explain if you have previous skills before your time at Mohawk, particularly if it is relevant to the application)

Calculate your approximate NET income after your deductions (income tax, CPP and EI) using the following website (include a screenshot of the net income summary):

Plan your Savings: (according to the 50/30/20 rule, you should aim to save at least 20% of your income toward short- and long-term goals)
You should try to build your emergency reserve (3 months income or 6 months expenses as quickly as possible)
Think about your medium- and long-term goals and allocate your savings accordingly. For purposes of this assignment, you do not need to determine which investment vehicle (ie TFSA or RRSP) is most appropriate, nor how to invest (ie: stocks, bonds, mutual funds) however we will discuss these issues later in the semester.
Goals must be stated in SMART format and must be reasonable and realistic for the intended savings purpose.

Budget your Expenses: (your budget must include, but is not limited to:
Utilities (including cell phone)
Travel/transportation expenses
You may use actual personal numbers, or any legitimate website to gather your data, here are a few to get you started:

Cost of living in Hamilton, Ontario
You may add additional rows if required

Based on your budget above, do you have a Net Surplus or a Deficit? If you have a Net Surplus, what could you do with the funds to increase your Net Worth? If you have a Deficit, what options do you have to cover the deficit each month? What budget items could you change to decrease/eliminate the deficit? Explain:
***Remember to include all supporting documentation!***

Please see rubric below including negative marks in last row, maximum total marks 30.

Calculate your order
275 words
Total price: $0.00

Top-quality papers guaranteed


100% original papers

We sell only unique pieces of writing completed according to your demands.


Confidential service

We use security encryption to keep your personal data protected.


Money-back guarantee

We can give your money back if something goes wrong with your order.

Get free features with our reliable essay writing service

  1. Title page

    We offer you a free title page tailored according to the specifics of your particular style.

  2. Custom formatting

    Include your preferred formatting style when you order from us to accompany your paper.

  3. Bibliography page

    Get a list of references to go with your ordered paper.

  4. 24/7 support assistance

    Reach out to our support agents anytime for free assistance.

Calculate how much your essay costs

Type of paper
Academic level
550 words

How to place an order

  • Choose the number of pages, your academic level, and deadline
  • Push the orange button
  • Give instructions for your paper
  • Pay with PayPal or a credit card
  • Track the progress of your order
  • Approve and enjoy your custom paper

Ask our experts to write you a cheap essay of excellent quality

Place an order