Budget Plan

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Republic of the Philippines

BATANGAS STATE UNIVERSITY


The National Engineering University
ARASOF-Nasugbu Campus
R. Martinez St., Brgy. Bucana, Nasugbu, Batangas, Philippines 4231
(+63 43) 416-0350 local 101; (+63 43) 416-0068
E-mail Address: [email protected] | Website Address: http://www.batstate-u.edu.ph

COLLEGE OF TEACHER EDUCATION

ED 110
BUDGET PLAN

Name: ___________________________
Year and Section: ___________________________

Day 1 Day 2 Day 3 Day 4 Day 5 Total


Starting 0.00 ₱400.00 ₱350.00 ₱300.00 ₱250.00 ₱1300.00
balance
Income ₱500.00 ₱450.00 ₱400.00 ₱350.00 ₱300.00 ₱2000.00
minus
expenses
Savings ₱100.00 ₱100.00 ₱100.00 ₱100.00 ₱100.00 ₱500.00
Description Amount Description Amount Description Amount Description Amount Description Amount
Allowance ₱100.00 Starting ₱400.00 Starting ₱350.00 Starting ₱300.00 Starting ₱250.00 ₱1440.00
Balance Balance Balance Balance
Money In
Business ₱400.00 Allowance ₱100.00 Allowance ₱100.00 Allowance ₱100.00 Allowance ₱100.00 ₱800.00
(Income)
(polvoron)
Business ₱380.00 Business ₱350.00 Business ₱300.00 Business ₱250.00 ₱1280.00
(polvoron) (polvoron) (polvoron) (polvoron)
Total ₱500.00 ₱880.00 ₱800.00 ₱700.00 ₱600.00 ₱3480.00
Description Amount Description Amount Description Amount Description Amount Description Amount
Money Out Transportat ₱120.00 Transportati ₱120.00 Transportat ₱120.00 Transportat ₱120.00 Transportat ₱120.00 ₱600.00
(Expenses) ion on ion ion ion
Food ₱60.00 Food ₱50.00 Food ₱40.00 Food ₱30.00 Food ₱20.00 ₱200.00
₱0.00 ₱0.00 ₱0.00 ₱0.00 ₱0.00 ₱0.00
Total ₱180.00 ₱170.00 ₱160.00 ₱150.00 ₱140.00 ₱800.00

Guide Questions for the Reflection:


1. How will you describe your financial situation based on your budget plan?

According to my budget plan, I am able to save money because I am not spending too much on things that are not important. Since my house is far from the school,
I spend a lot of money on transportation. However, as I also have a small business which is making and selling polvoron in my aunti's store, I am able to earn and
save a little more.

2. What will you do to improve your financial situation?

I need to spend less than I earn in order to save more. Spending with discipline can result in significant savings. I need to think of more ways to earn extra income so
that I can save money. Since I am skilled at baking cakes and pastries, I intend to bake and sell them online. With that, I will also be able to support my needs and
allowance at school.

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