1 / 3

Zak’s Big Budget CASE STUDY

Zak’s Big Budget CASE STUDY. ZAK.

willow-terry
Download Presentation

Zak’s Big Budget CASE STUDY

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Zak’s Big BudgetCASE STUDY ZAK “I’m living at home with my parents at the moment and work at a cycle shop in town for three days a week, earning around £500 after tax. I pay my parents a token £80/month towards rent and bills and the rest of the cash is mine to spend on whatever I want. Biking is my absolute passion and any spare cash goes on funding it! I guess I probably need to start thinking more carefully about what I spend my money on as well because I don’t want to keep relying on my mum and dad. I need to be careful about what I spend my cash on and work out my priorities a bit better. I quite often run out of cash toward the end of the month and sometimes don’t earn enough to pay my mum and dad for rent.”

  2. Tasha’s Big BudgetCASE STUDY TASHA “I’m definitely a spender more than a saver and often have to ask my mum for money. I have a part time job from which I get £300/month and also my student loan. Out of which I need to cover rent, bills, tuition fees, books and all other living costs. I currently have no budget whatsoever and usually go a bit mad when I get my student loan at the beginning of each term and end up living on baked beans by the end! I need to sort out my spending ways and work out how much I have to spend each month. I also really want to buy a new laptop for uni, to make writing essays and projects easier. I’m tempted to add it to my credit card – what’s another £480?”

  3. Bilal’s Big BudgetCASE STUDY BILAL “I’m 18 and after school I enrolled in an IT course. It means I’m eligible for the Education Maintenance Allowance (EMA) where I get £30 a week paid directly into my bank account. I also have a part-time job on a Saturday working for my uncle’s business helping to repair PCs. It pays really well (£100 a week) and it doesn’t affect my EMA. I probably spend too much cash on gadgets! I really want to buy a (cheap) second hand car soon... but I need a financial plan so that I can achieve it. At the moment I can only afford to buy things I need rather than things I want, otherwise I know I won’t have enough money left over in case of an emergency, such as the car breaking down and I’ll still have the tax, fuel and maintenance costs to cover as well. Having a car can be really expensive so I need to save £600 to make sure I’m prepared!”

More Related