Question
Selamsew graduate from high school in June and is taking a year off to work before pursuing a college diploma in a three year business
Selamsew graduate from high school in June and is taking a year off to work before
pursuing a college diploma in a three year business program at a local collage .During her
last semester of high school, selamsew was enrolled in a co-op program. The company
hired her to work per time during summer and also works pastime on weekends at a hotel
as a cashier. Her net earnings from both jobs total Birr 325 a week will not be changed in the
near future. Selamsew pays the following expenditures for month of December 2015.
Rent cost 250 per month Car insurance birr 150 per month
Transport birr 100 per month Maintenance birr 60 per month
Communication cost birr 50 per month Food cost birr 140 per month
Dry- cleaning cost birr 10 per month Saving for 20/80 housing 540/ month
Selamsew plans to save on the following costs for the year 2016 and wants increases her
savings account held at commercial bank of the 20/80 housing plan.
Transportation 30% Rent cost 30%
Communication cost 50% Food cost 15%
Maintenance 5%
Task 4.1 prepares annual budget of Selamsaw based on the above data for year 2016
Task 4.2 Determine amount annual budgets that will be deposit for 20/80 new housing plan
and percentage increase of saving to new housing scheme.
Task 4.3. Identify possible ways to reduce personal expenditures & increase Income.
Task 4.4 Write the behaviors and skills that are required for successful budgeting.
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