A University Student Budget Sheet
In this assignment I will be consulting a university student’s Budget
schedule I will be offering the student advice on how to solve
problems when in dept by offering an student loan, grants etc. I will
be referring to the budget schedule to what areas the student can cut
sort on to cover the other costs mostly needed to be covered.
UNIVERSITY STUDENT BUDGET SCHEDULE
Mouthly
Week 1
Week 2
Week 3
Week 4
Total
INCOME DESCRIPTION
University Student
(Grant)
£142
£142
£142
£142
£570
Interest and dividends
£0
£0
£0
£0
£0
Savings
£150
£0
£0
£0
£150
TOTAL INCOME
£292
£142
£142
£142
£720
EXPENSE DESCRIPTION
Beauty shop and barber
£5
£0
£5
£0
£10
Cable TV
£15
£0
£15
£0
£30
Clothing
£50
£0
£50
£0
£100
Credit card payments
£25
£0
£25
£0
£50
Electricity
£50
£0
£0
£0
£50
Entertainment and recreation
£25
£25
£25
£25
£100
Gas company
£50
£0
£0
£0
£50
Gifts
£15
£0
£0
£15
£30
Groceries and outside meals
£15
£0
£0
£0
£15
Household
£15
£10
£10
£5
£50
Laundry and dry-cleaning
£3.
The critical challenge within in today’s society is that college tuition should be free or if not free, more affordable for all students. Certainly, higher education should not be considered a luxury where only the wealthy could afford, but an opportunity for all caste systems. It must be an accessible and affordable opportunity for all students in order for them to invest in their education. Higher education is important because it provides more careers to choose from than the careers offered without having a college degree. Ultimately, the issue here is whether it is right to make college tuition more affordable for the students.
College debt is a universally known issue that remains one of society’s largest burdens today. Over the past ten years, high school students and graduates realized that they must seek a higher education in order to find a job that keeps food on the table. Attending a college or university is practically required in order to succeed in life today. Millions of people seek a higher education to pursue a degree, graduate, and acquire a quality job that supports their everyday needs. It often means a lot of money to pursue and earn a degree nowadays. What they don’t realize, is that paying their tuition and housing deposits is essentially signing a contract, costing them thousands of dollars in the near future and leading them down the dark path
The department of Developmental Education is tasked each year with coming up with the following years budget and this year I was given that task. The Dean has given us a very hard task and that is that we have to cut 10% of our budget for next year. My task is to come up with five strategies that help in reducing our budget by 10% just for the following year, two of them will have to present a permanent change to our current budget and the ones to follow. This was a very tough decision, as many items have to be considered. I have given it a lot of thought and this is what I came up with, I will also explain which one of the strategies I think works best for our department and the institution.
My understanding of college tuition is the amount you are charged to attend the school of your choice. Colleges set a price for both in-state and out-of-state, typically tuition for students out of state has a bigger price tag. Typically tuition at a community college is much cheaper in comparison to a big, in state or out of state college. To help decrease the cost of tuition you can recieve things such as scholarships or grants. What i've been told throughout high school is that tuition is increasing but as I read through these articles, I found out that that may not be the case. In the interview “College Tuition Grows At Slowest Pace In Decades”, Josh Mitchell said that although it is still increasing, it is increasing at a slower rate than
Budgeting Assignment A company's budget serves as a guideline in planning and committing costs in order to meet tactical and strategic goals. Tactical goals such as providing budgetary costs for daily operations, and strategic objectives that include R&D, production, marketing, and distribution are all part of the budgeting process. Serving as a guideline rather than being set in stone, the budget is a snapshot of a manager's "best thinking at the time it is prepared." (Marshall, 2003, p.496)
Today in America, students graduate from college but struggle to pay off their student debt for years. Other times, smart individuals drop out of college because they cannot afford to pay the rest of their college tuition. In the 1960s and 1970s, tuition was only a small fraction of what it is today, and many were able to afford it with the money they earned over the summer. However, as the years went by, college tuition became expensive and eventually started to rise faster than inflation. Currently, tuition at selective and private colleges and universities has risen annually by two or three percent more than the rate of inflation, which has caused an ongoing controversy within America to
You will need to fill in all sections of this design document (as well as the scheduling spreadsheet) in order to cover the minimum requirements for assessment 2. Please follow
I chose to do my second exercise paper on “living on the outskirts of poverty: A balanced budget”. I am getting married this year and my fiancé and I have begun to start a tight budget for ourselves, so this assignment hit really close to home. Together we will make about the same as the couple in the example. If a couple was making roughly 18,924 a year, $1,577 a month, it would make it hard to live and enjoy life. I asked a lot of different people for their estimates on how much they pay for certain things, as well as looked up online for different examples and estimates.
I recommend that we decrease the average service times for all food stations as well as reduce the minimum service time for the interactive cooking station and increase the inter-arrival time. We can implement this by offering specials a half hour to an hour before the rush period begins, have enough precooked meals available to accommodate the rush and precook the ingredients for the interactive station. We can also have the manager step in as the second cashier whenever a certain amount of time transpires. The cashier on duty can signal to the manager by hand gestures or a light when the wait time has exceeded two minutes, respectively. I also recommend that the layout of the cafeteria be changed. The new layout will give us better organization of the lines in order to decrease confusion.
Making a personal budget can be a very simple or a very arduous task, depending on how one goes about it. One must find stable monthly expenses, such as rent, and manage the rest of their income around that amount. Depending on the steps an individual takes, this can be a very simple process. For this project, I was assigned to make three personal budgets for three different situations. This paper will outline the first.
According to Argyris (1953), “budgets frequently serve as a basis for rewarding and penalizing those in the organization” (Argyris, 1953, p. 97). Further, Argyris (1953) describes a budget as a measuring instrument, which sets goals which mean that people can be measured in this way (Argyris, 1953). People tend to have a problem with this and complain about this part of the budget as no one wants to seem as inefficient. For supervisors, budgets can be a way to put things in writing, and thus vent other unrelated issues (Argyris, 1953). Also, budgets can be considered to be pressure devices to keep employees on track and motivated, while also being pressured (Argyris, 1953).
Describe the company that you currently work for, have previously worked for, or would like to work for in the future. Determine at least two (2) compelling reasons that this company should prepare and manage a budget. Predict the two (2) most likely positive and negative financial outcomes for this company if it properly or improperly performs effective budgeting.
Budget is combining your income and expenses to decide how much money you are going to spend on an item. Budget is an important step to determine your financial health and financial stability. It’s an important financial tool because it can help plan for expenses, cut cost were unneeded, save for future goals, plan for emergencies that occur inexpediently, and list what you are spending and saving.
After one month of tracking my income, I have learned a little more about my spending habits. I am already aware of most of my spending habits, and where I most often slip up. A little on the background of my spending, I rarely use cash. There are two reasons why I do this; the first reason is so that I am not tempted to spend bits of money here and there on snacks and small things. The other reason is that so I can more effectively track my spending with less effort. I have two checking accounts to keep this balanced since on the statements it does not say what the money is specifically spent on. I use one card on essentials and school needs, and the other account is more of a lifestyle account. Although I have done this financial tracking in the past, I was able to reaffirm that I still have some areas of weakness in my spending.
The concept of Student Information Management System (SIMS) is one that continues to elicit mixed reactions. Its application appears limited by a number of factors. Whitley, Gal, and Kjaergaard (2014) connotes that SIMS faces challenges in acceptability due to the kind of information being stored, personal identification information being stored in the system and the identity of people accessing this information. Ngoma (2009) explores the level of success student information system, a subset of SIMS. Findings from Ngoma’s expedition indicate that many institutions tend to have a negative attitude towards implementation of such projects. Their evaluation mechanism on application of this technology is tied to the level of improvement of the institution especially student performance (Sun & Benton 2008; Chong 2014).