Francis wants to keep track of how much he spends each month on various categories of purchases (groceries, rent, entertainment, insurance, utilities, etc.) to see how much money he needs to make each month through his contracting work. What kind of worksheet should he create?

Answer 1

Francis should create a budget worksheet to keep track of his monthly expenses in each category. This will help him see where his money is going and how much he needs to earn each month to cover these expenses. The budget worksheet should include columns for each category of expenses, such as groceries, rent, entertainment, insurance, utilities, and any other relevant categories. He can then input the amount he spends in each category each month and compare it to his total income to ensure that he is able to cover all expenses.