You now plan the budget for next 4 months with your best estimated figures. You might consider any new skills or experience that you can use in your work, it might result in a higher pay rate. Or any new expenditure, such as new relationships, motor bikes, ect. Which might lead to an increase/decrease in your budget balance. If so, clarify them.

a) Analyse your budget throughout 5 months with trend analysis ( horizontal or Vertical) you have learnt from the course. Show your workings and give us your comments on the analysis.

b) Write out your plan to be more successful and to make a better living. You will write a short essay (200 words explaining your path to future financial success (meaningful, structured paragraphs). Please keep in mind that things do not always pan out the way you plan or want them to.

- Pay rate per hour: 50,000 VND - Working hours per week: 30 Hours - Rent amount and whether utilities are included or not: Not included - Total cost for utilities (water, electric, gas, phone, internet, TV): 1,500,000 VND -Estimated amount you plan to spend on clothing each month: 500,000 VND - Estimated cost per month for laundry: 1,000,000 VND - Mode of transportation to work (bus, taxi, or personal vehicle) and estimated cost per day and per month for transportation: Bus , 8,000,000 VND

- Gas, insurance, and maintenance cost per month if using a personal vehicle: 500,000 VND - Gross income per week: 50,000 VND/hour x 30 hours = 1,500,000 VND/week - Taxes per week: 10% x 1,500,000 VND = 150,000 VND/week - Net income per week: 1,500,000 VND - 150,000 VND = 1,350,000 VND/week - Monthly rent: 3,000,000 VND/month 4 weeks = 750,000 VND/week - Total expenses per week (excluding food and clothing): 750,000 VND (rent) + 800,000 VND (transportation) + 1,000,000 VND (utilities) + 500,000 VND (laundry) = 3,050,000 VND/week - Breakeven point in working hours per week: 3,050,000 VND 1,350,000 VND/week = 2.26 weeks - Breakeven point in working hours per week: 2.26 weeks x 30 hours/week = 67.8 hours per week (rounded up to 68 hours per week)