By successfully completing this assignment, students will be able to identify their own personal spending habits, recognize the concept of opportunity costs and trade offs, and effectively compile and assess the components of a good financial plan. Instructions Students are to use text and Excel spreadsheets to prepare a personal household budget based on research, lessons learned in the course, and personal demographics/financial assumptions. In Excel they must develop a monthly budget covering current and one future year with income and expenses Budget components should include any relevant revenues, assets, expenses, taxes and savings In Word, they must Introduce the assumptions and demographics used in the budget Provide a rationale for each component selected and decision made Propose how to achieve an optimal budget that balances income with lifestyle and personal final goals Propose at least two ways to a reach a greater surplus There is no minimum length to this assignment; it must simply be thorough and complete..