Budgeting is listing and planning estimated income and spending. This allows us to make informed choices regarding spending and saving.
Calculate the total monthly expenditure from the table below.
The Watters family holiday costs .
They decide to save equal amounts each month for the next 10 months to cover the cost.
How much will they save each month?
The cost for a holiday can be broken down as follows:
flights and hotel rooms -
meals and excursions -
holiday insurance, taxis and car hire -
Calculate the total cost of the holiday.
The cost of the hotel rooms has increased by since last year.
Last year the hotel rooms cost to stay for two weeks.
What is the cost this year for a two weeks stay in the hotel rooms?
The Watters family has a total monthly expenditure of .
Their total monthly income is .
Calculate their disposable income.