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Lottery Winnings (DOC download)

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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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posted:9/15/2011
language:English
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