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    Workshop For Financial Literacy

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    The document describes a student's monthly budget and unexpected expenses over 5 months. In the 1st month, the student spent $500 on a doctor's visit and medicine. In the 2nd month, they lent a friend $2,000 at 2% interest. In the 3rd month, the student's phone was damaged and cost $2,500 to repair, but the friend repaid their loan. In the 4th month, $1,000 went missing. In the 5th month, the student received an additional $500 allowance for making the dean's list. The document adjusts the student's monthly budget to account for these unexpected costs and income.

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    Workshop For Financial Literacy

    Uploaded by

    X Cartoon
    21 views2 pages
    The document describes a student's monthly budget and unexpected expenses over 5 months. In the 1st month, the student spent $500 on a doctor's visit and medicine. In the 2nd month, they lent a friend $2,000 at 2% interest. In the 3rd month, the student's phone was damaged and cost $2,500 to repair, but the friend repaid their loan. In the 4th month, $1,000 went missing. In the 5th month, the student received an additional $500 allowance for making the dean's list. The document adjusts the student's monthly budget to account for these unexpected costs and income.

    Original Description:

    Financial Literacy activity

    Original Title

    Workshop for Financial Literacy

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    The document describes a student's monthly budget and unexpected expenses over 5 months. In the 1st month, the student spent $500 on a doctor's visit and medicine. In the 2nd month, they lent a friend $2,000 at 2% interest. In the 3rd month, the student's phone was damaged and cost $2,500 to repair, but the friend repaid their loan. In the 4th month, $1,000 went missing. In the 5th month, the student received an additional $500 allowance for making the dean's list. The document adjusts the student's monthly budget to account for these unexpected costs and income.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    21 views2 pages

    Workshop For Financial Literacy

    Uploaded by

    X Cartoon
    The document describes a student's monthly budget and unexpected expenses over 5 months. In the 1st month, the student spent $500 on a doctor's visit and medicine. In the 2nd month, they lent a friend $2,000 at 2% interest. In the 3rd month, the student's phone was damaged and cost $2,500 to repair, but the friend repaid their loan. In the 4th month, $1,000 went missing. In the 5th month, the student received an additional $500 allowance for making the dean's list. The document adjusts the student's monthly budget to account for these unexpected costs and income.

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    Sample Workshop 1

    Life Happens

    1ST MONTH LIFE HAPPENS: You got sick and go to the doctor for check-up and spent Php500.00 for
    consultation fee and Php200.00 for prescribe medicine.

    2ND MONTH LIFE HAPPENS: You have a friend that urgently needs PhP2,000 from you for personal
    reasons. But in one condition, you will only lend him/her, if there is 2% interest which is payable after
    one month.

    3RD MONTH LIFE HAPPENS: You are using mobile phone as an aid for academic requirements and other
    educational/academic purposes. Unfortunately, your cell phone got damage due academic breakdown
    and incidentally throw it because of that your phone was broke and it requires Php2,500.00 for repair.
    However, on the same day, your friend decided to pay its debt including its interest.

    4th MONTH LIFE HAPPENS: In your way home, you notice that your money amounting to PhP1,000 was
    missing. You have been looking anywhere but it was gone.

    5th MONTH LIFE HAPPENS: It’s the time to announce who among you in your class are included in the
    Dean’s Lister. Fortunately, your name was there. Because of this, your mother gives you an additional
    allowance of PhP500.00.
    Answer: Adjusted Monthly Budget Based on Life Happens

    Based on 50-30-20 Budgetted Amount


    Months 0 1 2 3 4 5
    Monthly Budget Schedule
    Saving 2,000.00 2,000.00 - 2,000.00 2,000.00 2,500.00
    Emergency Fund 1,000.00 300.00 1,000.00 540.00 - 1,000.00
    3,000.00 3,000.00 2,300.00 1,000.00 2,540.00 2,000.00 3,500.00
    Load 400.00 400.00 400.00 400.00 400.00 400.00
    Food and Grocery 3,500.00 3,500.00 3,500.00 3,500.00 3,500.00 3,500.00
    Utilities Expense 500.00 500.00 500.00 500.00 500.00 500.00
    Rent Expense 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00 1,500.00
    School Requirements 800.00 800.00 800.00 800.00 800.00 800.00
    School Supplies 300.00 300.00 300.00 300.00 300.00 300.00
    Personal Hygiene 500.00 500.00 500.00 500.00 500.00 500.00
    Health Related Expenses* 700.00 - -
    Phone Repair Expense* 2,500.00

    7,500.00 7,500.00 8,200.00 7,500.00 10,000.00 7,500.00 7,500.00


    Leisure 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
    Gaming 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
    Skin Care 500.00 500.00 500.00 500.00 500.00 500.00
    4,500.00 4,500.00 4,500.00 4,500.00 4,500.00 4,500.00 4,500.00
    Total Budget 15,000.00 15,000.00 15,000.00 13,000.00 17,040.00 14,000.00 15,500.00

    Monthly Budget 15,000.00

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