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Description: Creating a Student Budget Saving and Spending Guide
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Extracts from the notes are below, to see the PDF you'll receive please use the links above
Creating a New Budget to Meet Your Saving and Spending Needs
Task Instructions
Step 1: Gather materials and important data
...
b)
Keep your illustration and task open if you really want to audit what you have realized
...
a)
To make your financial plan, type a measure of cash into every cell of the tables you have been
given
...
b)
Make sure you complete the inquiries on each page
...
You might want to utilize this pay to meet new monetary objectives
...
Create a spending plan that will permit you to save basically $100 before the finish of October
...
00 and incorporated these costs:
❖
❖
❖
❖
❖
❖
❖
❖
$600 for your lease
$475 for your vehicle installment, vehicle protection, and gas
$230 for your utilities, telephone, and Internet
$300 for your food
$50 for your diversion
$20 for your leaseholder’s protection
$75 for optional spending
A last net complete of $100 saved each month
Your new financial plan needs to incorporate these changes:
❖ A new line to spending plan $50 each month toward another PC
❖ Other costs might be changed as you pick
...
Income
Fixed Expenses
Variable
Expenses
Totals
Monthly Personal Financial plan
Income &
Old Budget
New Budget
Expenditure
1850
2190
Total Income
1850
2190
Rent
600
600
Car Payment,
475
475
Insurance and
Gas
Utilities, Phone,
230
230
and Internet
Total Fixed
1305
1305
Expenses
Groceries
300
275
Entertainment
50
40
Renters
20
20
Insurance
Discretionary
75
55
Spending’s
Savings
100
300
Total Expenses
545
690
(Variable)
Total Expenses
1850
1995
Net Savings
100
495
One-Year Total
26280
26280
7200
5700
2760
15660
3300
480
240
660
3600
8280
23940
5940
1
...
Just as receiving a pay increase so having more pay come in so it is easier to save
...
How does your new financial plan assist you with meeting your momentary objective of
purchasing another PC?
She ought to have the option to peacefully purchase a PC inside the following year or less and save
bounty more
...
How does your new financial plan assist you with meeting your drawn-out objective of putting
something aside for school?
Since she will eventually have 4,000 remaining over to attempt to assist with her school reserve
Description: Creating a Student Budget Saving and Spending Guide