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Summary ECO110 Assignment3 1 .docx ECO 110 Assignment 3 ECO 110 Conducting Your Personal Financial Analysis: Months 1€“3 Data Visualization The two charts I used to help me understand my budget and progress towards my financial goals are pie charts and$7.49
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Summary ECO110 Assignment3 1 .docx ECO 110 Assignment 3 ECO 110 Conducting Your Personal Financial Analysis: Months 1€“3 Data Visualization The two charts I used to help me understand my budget and progress towards my financial goals are pie charts and
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ECO110 Assignment3 1 .docx ECO 110 Assignment 3 ECO 110 Conducting Your Personal Financial Analysis: Months 1€“3 Data Visualization The two charts I used to help me understand my budget and progress towards my financial goals are pie charts and bar charts. A pie chart of total expens...
eco110 assignment3 1 docx eco 110 assignment 3 eco 110 conducting your personal financial analysis months 1€“3 data visualization the two charts i used to help me understand my budget and
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ECO 110
Assignment 3
ECO 110
Conducting Your Personal Financial Analysis: Months 1–3
Data Visualization
The two charts I used to help me understand my budget and progress towards my financial goals
are pie charts and bar charts. A pie chart of total expenses for each month can be sliced into
categories, with each slice representing one expense category. This visualization of your monthly
spending can help you quickly spot where most of your income goes each month. It shows me
verbatim where most of my spending goes and which areas I need to cut back on. The bar graph
helps me compare the different expenses and income I was bringing in each month. It shows me
how and where I spent my money.
Financial Analysis of Months 1–3
In month two, I had to make adjustments towards my variable expenses. My current monthly
spending for my personal is $150. I had to decrease my spending to $85, which was much
needed because of the extra billing towards my health insurance. For miscellaneous, I reduced
my spending by $25. Variable expenses I could be more flexible with the payments. I felt like
variable expenses were the most responsible way to make ends meet for month two just because
bills are more important and it affects your credit score not paying them on time. Even though I
had an unexpected medical bill appear, I could still stay on goal for my monthly savings. I will
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