Scribd
Upload
807 views4 pages

Fixed vs. Variable Expenses Analysis

The document outlines an assignment to categorize expenses as fixed or variable and identify needs versus wants. It includes a table listing example expenses and their classification. It also contains sections about creating a pie chart for a current versus ideal budget, differentiating short, medium, and long term financial goals with examples, and answering questions about a current budget pie chart comparison.

Uploaded by

Kiem Santos
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
807 views4 pages

Fixed vs. Variable Expenses Analysis

The document outlines an assignment to categorize expenses as fixed or variable and identify needs versus wants. It includes a table listing example expenses and their classification. It also contains sections about creating a pie chart for a current versus ideal budget, differentiating short, medium, and long term financial goals with examples, and answering questions about a current budget pie chart comparison.

Uploaded by

Kiem Santos
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

KIM FRANZ F.

SANTOS
HRST-32

Module 4 Assignment

Which expenses are fixed and which are variable? Indicate the monthly
total. Put a check mark on the corresponding type.
Monthly total Fixed Variable

Food PHP23,423.00 ✔

Clothing PHP2,000.00 ✔

Gas PHP690.00 ✔

Medicine PHP130.00 ✔ ✔

Internet PHP1,500.00 ✔

NEEDS WANTS

FOOD JEWELRY
WATER
VEHICLES
SHELTER
CLOTHING TRAVEL

Use the table below to list down all the expenses that belong to the needs and
those that belong to the wants.
KIM FRANZ F. SANTOS
HRST-32

 How does Your current budget pie chart look like? Using the following
categories, map your ideal budget plan using a pie chart. You may use more
categories as needed.

a. Housing
b. Electric bills
c. Internet
d. Food
e. Debt
f. Education
g. Transportation

Current Budget Ideal Budget

Housing Electric Bills Internet Housing Electric Bills Internet


Food Debt Education Food Debt Education
Transportation Transportation
KIM FRANZ F. SANTOS
HRST-32

How does your current budget pie chart compare with your ideal budget pie
chart?

My current chart has debts, I want to remove those debts and add it to my
education.

Read the following questions and instructions carefully. Write your answer on
the space and table provided.
1.Differentiate among the following financial goals: short- term, medium-
term, and long-term financial goals. Give example for each
Goals Definition Example
Short Term A short-term goal
is Be a good person
something you want to do in
the near future. The near
future can mean today, this
week, this month, or even
this year. A short-term goal is
something you want to
accomplish soon
Medium Term Medium term goals - A Have good grades
medium term goal is one that
takes a bit longer. It could be
a goal to be achieved in the
next 2 weeks, a month or
perhaps 6 months. A
medium-term goal might be
to run 10km. ... It could be a
goal to be achieved in the
next 6 months, a year or
perhaps 5, 10 or 20 years.
KIM FRANZ F. SANTOS
HRST-32

Long Term Long term goals refer to Dream to become a


accomplishments that will lawyer.
take significant time, effort,
and planning to achieve.
They are the delayed-
gratification outcome of
months or years of focus.

You might also like