Print a copy of this spreadsheet. Brainstorm some expenses you think a farm family might have and then decide how much each bill will cost the farm. |
Expenses (Bills to be payed) | Amount due on bill | |
1. | 1. | |
2. | 2. | |
3. | 3. | |
4. | 4. | |
5. | 5. | |
6. | 6. | |
7. | 7. | |
8. | 8. | |
9. | 9. | |
10. | 10. | |
11. | 11. | |
12. | 12. | |
13. | 13. | |
14. | 14. | |
15. | 15. | |
Total____________ |
In the last column, sum all the expenses to get the total expense of operating your farm. |
Compare the total expense amount to the total income amount you calculated earlier. Will you make more money than you spend? Or will you spend more money than you earn? |
If you are in debt, what can you do about it? Brainstorm some ideas as to what you might do to make more or spend less money . |