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I won the Cash 5 Lottery…a prize worth $100,000. 1. Create a list on Excel on all of the purchases you want to make. a. Don’t list the prices yet. Only list the items you want to purchase. b. Include any savings/investments. c. Be very specific with item names & costs. d. You should have a minimum of 12 purchases. e. Think long term too…college costs are very high. 2. Include a cell containing how much money you have after taxes. a. Michigan government will take approximately 38% of your winnings. b. Highlight cell in light yellow. 3. Include a cell which adds up all of your spending. a. Highlight cell in light blue. b. To the left of this cell, type “Total Spendings”. 4. Include a cell which will tell you how much money you have left from the original $100,000 prize. a. Highlight cell in light green. b. To the left of this cell, type “Amount Left”.
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