CreateObjectives: Create a budget plan for a dayMaterials Needed: Pen and paperInstructions: Read and solve each word problems involving percentage related to simpleinterest rate.GoalRoleAudienceSituationPerformance orProductGRASP-PERSONAL BUDGETDesign a personal budget that reflects your incomeImagine you have an allowance that earns P150/week. You have savedall the money you earned over the 8 weeks of the first quarter of thisschool year. You have also had the opportunity to make more moneywhen you help doing the chores at home. As a reward, you are given atotal of 1300.The Bank of(fill in your name, or school name)Create a budget for yourself that shows how much you have earned, howyou have earned it, how much you plan to save, and how much you planto spend, as well as itemizing what you plan to spend your money on.Your budget should then include all the necessary work involved in yourcalculations, as well as itemized lists of what you will be spending yourmoney on, so as to reflect your personal choices. Record your incomeand expenses as positive and negative integers, respectively. Presentthese using a table or pie chart.You will also need to decide whether or not you have any money left overat the end of your budget, to add to your savings, or if you are going tospend it all.After completing your budget, complete a personal reflection piece thatdiscusses how you made the choices you did, with regards to how muchand where you donated money to, and what you chose to purchase.​

Answer:GRASP-PERSONAL BUDGETGoalTo create a personal budget plan based on weekly allowance and additional earnings from doing chores.RoleA high school student who has earned and saved money over the first quarter of the school year.Audience(fill in with your name or school name)SituationI have a weekly allowance of P150 and earned an additional P1300 from doing chores. I need to create a budget that outlines my income, savings, and expenses.Performance or ProductA personal budget plan presented in a table or pie chart format, including a reflection on my spending choices.Budget PlanIncome| Source | Amount (PHP) || Weekly Allowance (8 weeks) | 150 * 8 = 1200 || Chores | 1300 || Total Income | 2500 |Savings| Savings Goal | Amount (PHP) || Future Purchases | 500 || Emergency Fund | 300 || Total Savings | 800 |Expenses| category | Items | Amount (PHP) || Food | Snacks, meals | 500 || School Supplies | Notebooks, pens, etc. | 300 || Entertainment | Movies, games | 200 || Transportation | Bus fare, jeepney fare | 100 || Miscellaneous | Other expenses | 100 || Total Expenses | 1200 | |Leftover Amount| Leftover | Amount (PHP) || Leftover | 2500 - 800 - 1200 = 500 |ReflectionI chose to allocate a significant portion of my income to savings for future purchases and an emergency fund. This is important to me because it ensures financial stability and provides me with the means to pursue my goals.For my expenses, I prioritized food, school supplies, and entertainment. While these are essential, I also made sure to allocate funds for transportation and miscellaneous expenses to avoid unexpected costs.I believe my budget reflects my values and priorities. By carefully planning my spending and saving, I can make the most of my income and achieve my financial goals

Answered by y41173531 | 2024-09-09