Question: i need the answer quickly You have a form for weekly personal budget attached to this brief. You need to study the form and then:

i need the answer quicklyi need the answer quickly You have a form for

You have a form for weekly personal budget attached to this brief. You need to study the form and then: First: construct your own personal budget: (P4) 1. Fill in the second column based on your predictions to your income and expenditure. 2. Keep records of your income and expenditure for a full week. Then fill in the third column of the budget based on actual figures. 3. Now, change the format and structure of the budget such that it fits your own use. Choose headings and items that clearly give you the information you need. Task 2 Based on these changes construct a personal budget for next week. Second: Explain the reasons for budgetary decisions you made in (3) above. (M1) Third: Justify reasons for financial planning decisions you made: (D1) 1. Consider each item you included under essential expenditure and justify its inclusion. 2. Consider each item you included under optional spends and justify its inclusion. 3. Why did you consider (or did not consider) having some saving in your budget? Checklist of evidence Written report required Criteria covered by this task: Unit/Criteria reference To achieve the criteria you must show that you are able to: Construct a personal budget that takes account of personal P4 remuneration and expenditure. M1 Explain the reasons for budgetary decisions D1 Justify reasons for financial planning decisions Checklist of evidence Written report and a personal weekly budget required You have a form for weekly personal budget attached to this brief. You need to study the form and then: First: construct your own personal budget: (P4) 1. Fill in the second column based on your predictions to your income and expenditure. 2. Keep records of your income and expenditure for a full week. Then fill in the third column of the budget based on actual figures. 3. Now, change the format and structure of the budget such that it fits your own use. Choose headings and items that clearly give you the information you need. Task 2 Based on these changes construct a personal budget for next week. Second: Explain the reasons for budgetary decisions you made in (3) above. (M1) Third: Justify reasons for financial planning decisions you made: (D1) 1. Consider each item you included under essential expenditure and justify its inclusion. 2. Consider each item you included under optional spends and justify its inclusion. 3. Why did you consider (or did not consider) having some saving in your budget? Checklist of evidence Written report required Criteria covered by this task: Unit/Criteria reference To achieve the criteria you must show that you are able to: Construct a personal budget that takes account of personal P4 remuneration and expenditure. M1 Explain the reasons for budgetary decisions D1 Justify reasons for financial planning decisions Checklist of evidence Written report and a personal weekly budget required

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