systems and subsystems, Finance Basics

SCENARIO

You have just moved out of home and have a part-time job that pays you $18 per hour after tax (you work 20 hours a week). You also have $5000 in a savings account. You have found a share house where you pay $70 per week to share with 3 other people (total rent is $280 per week). The house has 4 bedrooms and 2 bathrooms.


REQUIREMENTS

1. Outline your character and housemates. Explain the job you have, and any connection you have with support systems (e.g. – church, family, clubs, etc.).

2. Develop a Personal Financial Plan (budget) based on the scenario given. This plan must include a realistic personal budget that aims to satisfy your goal of providing long-term financial security for yourself. Remember to estimate living costs.

3. Outline a job roster for the household. Assume that all housemates are available from 6pm onwards each evening.

4. Find (online or from a bank) a savings plan that suits your situation. Explain WHY you have chosen it, using the guidelines from the textbook.

5. Find a vehicle to purchase (must have the advertisement to include in your assignment). Explain why this vehicle is appropriate, and research the associated costs (e.g. – registration, insurance, etc.).

This is a student-based inquiry. Present your findings in one of the following formats:

- An essay or report.
Posted Date: 2/9/2013 6:36:28 PM | Location : Australia







Related Discussions:- systems and subsystems, Assignment Help, Ask Question on systems and subsystems, Get Answer, Expert's Help, systems and subsystems Discussions

Write discussion on systems and subsystems
Your posts are moderated
Related Questions
The price of bread is $0.50 per pound, and the price of butter is $0.25 per ounce. Channing spends all of her income, buying 12 pounds of bread, 7 ounces of butter, and nothing els

why prospective buyers need to see accounting information

Question 1: a) Explain the framework put forward by the Basel Committee to ensure that banks and supervisors give appropriate attention to the second (supervisory review) and

Formation of Sole Proprietorship Business When an individual plans to start a business, his or her main objective is to earn profit but there are a number of factors to take in


What is the Execution of order in the Stock Exchange When broker receives the margin money and is clear about the order received by him, he puts details in the 'order book'.


Identify one each (1) benefit, (2) disbenefit, and (3) monetary cost that would impact each of the following projects: a.A new electrical distribution station in a developing pa

A Ltd.'s share gives a return of 20% and B Ltd.'s share gives 32% return. Mr. Gotha invested 25% in A Ltd.'s share and 75% of B Ltd.'s shares. What would be the expected return of

Define the term Placement - Methods of Floating New Issues Under this method, issue houses or brokers purchase the securities outright with the intention of placing them wi