Essay
unit 31 assignment 3
- Institution
- PEARSON (PEARSON)
Essay of 4 pages for the course Unit 31 - Effective Management of Personal Debt at PEARSON (distinction)
[Show more]
Content preview
Seema Personal Budget Template TASK 1AJanuary
£
Step 1 Income Section [A]
Details 'Money In' e.g. from wages/salaries from paid
employment to help pay bills and enjoy life
Salary £1,533
Sub-Total £1,533
Expenses "Money Out" [B to E]
If only life were free! Sadly, we all have living expenses
which are bills we must pay, these can be broken down
into categories as per the below
Living Costs [B]
The cost of living is the amount of money needed to
cover basic expenses such as housing and food
Step 2 Grocery/Food £0
Rent £240
Council Tax £0
TV Licence £0
Broadband - TV, Phone, Internet £0
Utilities - Gas & Electricity £0
Utilities - Water £0
Sub-Total £240 16%
Healthcare Costs [C]
The cost of basic Health and Personal Care related
Costs
Step 3 Opticians - Contact Lens Subscription £25
Optician Check Up - May
Dentist Check Up - December
Sub-Total £25 2%
Transport Costs [D]
The cost of getting from A to B
Step 4 Train Pass £63
Sub-Total £63 4%
Descressionary Costs [E]
The cost of having the 'nicer' things in life as little
luxuries
Step 5 Mobile Phone - Handset, Tariff for Talk, text, data £55
Gym £70
Socialising £250
Sub-Total £375 24%
Step 6 Grand Total Expenses [F] £703
[B+C+D+E]
Step 7 Typical Net Cashflow [A-F] £830 54%
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller kj2013. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £5.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now