Fl project work
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Transcript of Fl project work
![Page 1: Fl project work](https://reader030.fdocuments.in/reader030/viewer/2022032618/55b39d79bb61ebfe6a8b457a/html5/thumbnails/1.jpg)
FL PROJECT WORK
Saving Plans
![Page 2: Fl project work](https://reader030.fdocuments.in/reader030/viewer/2022032618/55b39d79bb61ebfe6a8b457a/html5/thumbnails/2.jpg)
Money Route
Money incomes Majority of the money from my parents
and part time job (approx $400 a month)
Expenditure (approx $100 a month)- Food- Basic necessities-Transport- Stationery , etc.
Savings$300 a month
![Page 3: Fl project work](https://reader030.fdocuments.in/reader030/viewer/2022032618/55b39d79bb61ebfe6a8b457a/html5/thumbnails/3.jpg)
Needs and Wants
Needs Wants
Food (School Breakfast, Lunch), Water
New schoolbag
Transport New handphone
Stationery Snacks
School miscellaneous fees (learning journey, new schoolbook, etc)
Drinks
Medical treatment, medicine, etc. Presents for friends’ birthday
Schoolbooks, assessment books, etc.
Magazines
Entertainment (gaming, etc)
![Page 4: Fl project work](https://reader030.fdocuments.in/reader030/viewer/2022032618/55b39d79bb61ebfe6a8b457a/html5/thumbnails/4.jpg)
Budgeting (Income)
From parents monthly allowance ($150 a
month) part-time job (about $250)
Total income $400 a month.
![Page 5: Fl project work](https://reader030.fdocuments.in/reader030/viewer/2022032618/55b39d79bb61ebfe6a8b457a/html5/thumbnails/5.jpg)
Budgeting (Savings)
The amount we want to set aside every month
$250-$300
![Page 6: Fl project work](https://reader030.fdocuments.in/reader030/viewer/2022032618/55b39d79bb61ebfe6a8b457a/html5/thumbnails/6.jpg)
Budgeting (Expenditure)
School Food (Breakfast, lunch) => $4 per day, $20 a week. $80 a month
Transport =>$5 a week, $20 a month Stationery => $10 a month
Other needs- School miscellaneous fees (learning journey, new schoolbook, etc)- Medical treatment, medicine, etc. - Schoolbooks, assessment books, etc.
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Bank saving plan
The bank savings plan we have chosen for our saving plan is
Maybank Youngstarz Account.
![Page 8: Fl project work](https://reader030.fdocuments.in/reader030/viewer/2022032618/55b39d79bb61ebfe6a8b457a/html5/thumbnails/8.jpg)
Why?
It has the highest interest rate compared to 6 other banks for their saving plans suitable for people of our page
Provides the Youngstarz Club Membership for fun and entertainment to the account owner
Exciting gift will be given when open or top up the account
![Page 9: Fl project work](https://reader030.fdocuments.in/reader030/viewer/2022032618/55b39d79bb61ebfe6a8b457a/html5/thumbnails/9.jpg)
Advantages
Highest interest rate will help us earn more money
Free interesting activities Free gifts High insurance will be given
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Disadvantages
Have to deposit a minimum $2000 first before having a free personal accident insurance
Has a minimum initial deposit of $10 $2 will be charged per month Waived with a minimum average daily
balance of $500
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Alternatively,
We can help our parents save money by reducing wastage of our basic necessities.
Examples Water Electricity Food Etc.
![Page 12: Fl project work](https://reader030.fdocuments.in/reader030/viewer/2022032618/55b39d79bb61ebfe6a8b457a/html5/thumbnails/12.jpg)
Conclusion
Having a saving plan is important. Our income is $4800 a year (parents &
part time job) According to saving plan, we spend
$1320 a year. Therefore, according to this saving plan,
we are able to save about or more than $3480 a year (12 months)
![Page 13: Fl project work](https://reader030.fdocuments.in/reader030/viewer/2022032618/55b39d79bb61ebfe6a8b457a/html5/thumbnails/13.jpg)
Group Members : Xinyi Xinjia Zhihua Anice
Thank You