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Ti set aside 4 million VND for university preparation before enrolling. Ti is now living with his parents. Ti asked Chnh, a finance and
Ti set aside 4 million VND for university preparation before enrolling. Ti is now living with his parents. Ti asked Chnh, a finance and banking-major friend, what he could do to better manage his money. Chnh's solution is to create a budget. Ti is asked to describe his goals and current spending habits. Ti responded, "The cost of attending university is higher than I anticipated, and my parents expect me to be able to cover my own living expenses while attending university. I'm guessing around 40 million VND per year! I've considered working part- time, but I'm not sure I can balance studying and working part- time. Budgeting appears to be a good idea, but I'm not sure where to begin Chnh created a basic plan for Ti to track each of his expenses over a month to assist him. Ti is asked to fill out the budget form below. Items Coffee Cinema Lunch and snacks Clothes Bus Ticket Phone & internet (4G) Shoes and personal care Total expenses Questions: Want or Need? Expense for each Item/ Total expenses item 250.000 600.000 620.000 600.000 100.000 200.000 600.000 2.970.000 a. Calculate the percentage of each item in relation to total monthly spending and provide a brief comment (please enter the results directly in the table above and comment below) (0.5pt)
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