TABLE OF CONTENT

CONTENT

PAGE

Acknowledgement
Introduction
Rationale
Budget :
Annual Expenses
One-Off Expenses
Breakdown Of Expenses
Reflection
Reference

ACKNOWLEDGMENT

First of all, we want to thanks God because we can finish this coursework on time
and there are no problems occur when doing this assignment. We also want to thanks
our lecturer, ---- for the guidance to us on our assignment. Besides that, we want to
thanks our parents on their support to us during the making of this assignment.
We also want to thanks each other for the cooperation during the making of this
project. Surely, without cooperation our project would not be done on time and there will
be a problem occurs when doing this assignment. Also, we want to thank the rest of the
classmates which always show us how to plan the budget correctly and the rest of this
assignment.
Finally, we like to thank all the individuals who have involved in the making in this
project formally or informally.

INTRODUCTION
2

Planning a budget is where we plan the expenditure and usage of the money in
certain period of time. As a student, we received some amount of money from different
sources such as monthly allowances and from our parents. It is very essential in our live
to plan our own budget. It is a must for all of us to plan and spend our money according
to the budget that we have planned. A well-planned budget in managing our monthly
income will help us to settle few problems that may arise due to the lack of money.
A well-planned budget also may bring some advantages to us. One of the major
benefit is it can avoid wasting of money. Once we have planned the money that we are
going to spend on various sources, we are aware of how much money that we are going
to spend or save. By doing this, we automatically know how much money that we have
spent. Knowing whether we have spent it excessively can help us to reduce the money
that we spend on a certain month thus avoid the wasting of money.
Moreover, planning a budget allow us to save our money. As we already planned and
limiting the usage of our money, we will certainly keep some amount of it to be save
whether on our personal places or bank. Once we save it in the bank, we are actually
multiple the amount f money that we save through its interest.
Besides that, plan a budget also can help us on emergency. As the saying goes,
prevention is better than cure. This means that once we have plan our budget, there
will be some amount of money that going to be save. The money that we save certainly
can be used during emergency or for our needs. Just imagine where we can find the
money if we do not have our personal saving.
Another benefit of well-planned budget is that we can actually build a disciplined in
ourselves. As we plan the budget, we are actually making our self into something that
had been set. Whether we realise or not, at the same time we are actually try to follow
the setting and thus spend accordingly which build a self disciplined within ourselves.

CATEGORY

DESCRIPTION

INCOME

PARENTS CONTRIBUTION
SAVING
ALLOWANCE

TOTAL
ACADEMIC
EXPENSES
LIVING
EXPENSES
PERSONAL
EXPENSES

BOOKS
STATIONARY
FOOD
GROCERIES
MEDICAL
ENTERTAINMENT
CLOTHING/SHOES
MISCELLANEOUS
UTILITIES (Broadband)

TOTAL
TOTAL INCOME TOTAL EXPENSES =

MONTHLY
BUDGET
AMOUNT
RM 150
RM 500
RM 650
RM 35
RM 30
RM 60
RM 40
RM 15
RM 30
RM 40
RM 30
RM 68
RM 348
RM302

MONTHLY
ACTUAL
AMOUNT
RM 100
RM 500
RM 600
RM 25
RM 30
RM 55
RM 40
RM 15
RM 30
RM 30
RM 30
RM 68
RM 323
RM 277

DIFFERENCE
RM 50
RM 50
RM 10
RM 5
RM 10
RM 25
RM 25

BUDGET FOR JANUARY

BUDGET FOR FEBRUARY

5

CATEGORY

DESCRIPTION

INCOME

PARENTS CONTRIBUTION
SAVING
ALLOWANCE

TOTAL
ACADEMIC
EXPENSES
LIVING
EXPENSES
PERSONAL
EXPENSES

BOOKS
STATIONARY
FOOD
GROCERIES
MEDICAL
ENTERTAINMENT
CLOTHING/SHOES
MISCELLANEOUS
UTILITIES (Broadband)

TOTAL
TOTAL INCOME TOTAL EXPENSES =

MONTHLY
BUDGET
AMOUNT
RM 150
RM 500
RM 650
RM 25
RM 10
RM 60
RM 35
RM 15
RM 30
RM 30
RM 30
RM 68
RM 303
RM 347

MONTHLY
ACTUAL
AMOUNT
RM 100
RM 500
RM 600
RM 20
RM 10
RM 55
RM 35
RM 15
RM 30
RM 25
RM 30
RM 68
RM 288
RM 312

DIFFERENCE
RM 50
RM 50
RM 5
RM 5
RM 5
RM 15
RM 35

CATEGORY

DESCRIPTION

MONTHLY
BUDGET
AMOUNT

MONTHLY
ACTUAL
AMOUNT

DIFFERENCE

INCOME

PARENTS CONTRIBUTION
SAVING
ALLOWANCE

RM 200
RM 300
RM 500
RM 30
RM 50
RM 50
RM 50
RM 68
RM 248
RM 252

RM 100
RM 300
RM 400
RM 20
RM 50
RM 37
RM 12.50
RM 68
RM 187.50
RM 212.50

RM 100
RM 100
RM 10
RM13
RM 37.50
RM 60.50
RM 39.50

TOTAL
ACADEMIC
EXPENSES
LIVING
EXPENSES
PERSONAL
EXPENSES

BOOKS
STATIONARY
FOOD
GROCERIES
MEDICAL
ENTERTAINMENT
CLOTHING/SHOES
MISCELLANEOUS
UTILITIES (Broadband)

TOTAL
TOTAL INCOME TOTAL EXPENSES =

BUDGET FOR MARCH

BUDGET FOR APRIL

DESCRIPTION
CATEGORY
INCOME
TOTAL
ACADEMIC
EXPENSES
LIVING
EXPENSES

PARENTS CONTRIBUTION
SAVING
ALLOWANCE
BOOKS
STATIONARY
FOOD
GROCERIES
MEDICAL

MONTHLY
BUDGET
AMOUNT
RM 150
RM 500
RM 650
RM 35
RM 30
RM 60
RM 40
RM 15

MONTHLY
ACTUAL
AMOUNT
RM 100
RM 500
RM 600
RM 25
RM 30
RM 55
RM 40
RM 15

DIFFERENCE
RM 50
RM50
RM 10
RM 5
8

PERSONAL
EXPENSES

ENTERTAINMENT
CLOTHING/SHOES
MISCELLANEOUS
UTILITIES (Broadband)

TOTAL
TOTAL INCOME TOTAL EXPENSES =

RM 30
RM 40
RM 30
RM 68
RM 348
RM 302

RM 30
RM 30
RM 30
RM 68
RM 323
RM 277

RM 10
RM 25
RM 25

MONTHLY
ACTUAL
AMOUNT
RM 180
RM 400
RM 580
RM 20
RM 20
RM 250
RM 20
RM 20
RM 20

DIFFERENCE

BUDGET FOR MAY

CATEGORY

DESCRIPTION

INCOME

PARENTS CONTRIBUTION
SAVING
ALLOWANCE

TOTAL
ACADEMIC
EXPENSES
LIVING
EXPENSES
PERSONAL
EXPENSES

BOOKS
STATIONARY
FOOD
GROCERIES
MEDICAL
ENTERTAINMENT
CLOTHING/SHOES
MISCELLANEOUS

MONTHLY
BUDGET
AMOUNT
RM 150
RM 300
RM 450
RM 30
RM 10
RM 250
RM 30
RM 10
RM 20

RM 30
RM 100
RM 70
RM 10
RM 10
RM 10
RM 10
9

UTILITIES (Broadband)
TOTAL
TOTAL INCOME TOTAL EXPENSES =

RM 68
RM 418
RM 32

RM 68
RM 418
RM 162

RM 40
RM 30

MONTHLY
ACTUAL
AMOUNT
RM 150
RM 450
RM 600
RM 20
RM 180
RM 50
RM 25
RM 20
RM 15

DIFFERENCE

BUDGET FOR JUNE

CATEGORY

DESCRIPTION

INCOME

PARENTS CONTRIBUTION
SAVING
ALLOWANCE

TOTAL
ACADEMIC
EXPENSES
LIVING
EXPENSES
PERSONAL
EXPENSES

BOOKS
STATIONARY
FOOD
GROCERIES
MEDICAL
ENTERTAINMENT
CLOTHING/SHOES
MISCELLANEOUS

MONTHLY
BUDGET
AMOUNT
RM 100
RM 400
RM 500
RM 20
RM 200
RM 50
RM 50
RM 20
RM 10

RM 50
RM 50
RM 100
RM 20
RM 25
RM 5
10

UTILITIES (Broadband)
TOTAL
TOTAL INCOME TOTAL EXPENSES =

RM 68
RM 418
RM 82

RM 68
RM 378
RM 222

RM 40
RM 60

MONTHLY
ACTUAL
AMOUNT
RM 580
RM 25
-

DIFFERENCE

BUDGET FOR JULY

CATEGORY

DESCRIPTION

INCOME

PARENTS CONTRIBUTION
SAVING
ALLOWANCE

MONTHLY
BUDGET
AMOUNT
RM 630
RM 50
-

RM50
RM25
11

TOTAL
ACADEMIC
EXPENSES
LIVING
EXPENSES
PERSONAL
EXPENSES

BOOKS
STATIONARY
FOOD
GROCERIES
MEDICAL
ENTERTAINMENT
CLOTHING/SHOES
MISCELLANEOUS
UTILITIES (Broadband)

TOTAL
TOTAL INCOME TOTAL EXPENSES =

RM 680
RM 52
RM 8
RM 55
RM 25
RM 40
RM 40
RM 32
RM 68
RM 300
RM 380

RM 605
RM 35
RM 5
RM 53
RM 24
RM 35
RM 37
RM 30
RM 68
RM 267
RM 338

RM 75
RM 17
RM 3
RM 2
RM 1
RM 5
RM 3
RM 2
RM 33
RM 42

BUDGET FOR AUGUST

12

CATEGORY

DESCRIPTION

INCOME

PARENTS CONTRIBUTION
SAVING
ALLOWANCE

TOTAL
ACADEMIC
EXPENSES
LIVING
EXPENSES
PERSONAL
EXPENSES

BOOKS
STATIONARY
FOOD
GROCERIES
MEDICAL
ENTERTAINMENT
CLOTHING/SHOES
MISCELLANEOUS
UTILITIES (Broadband)

TOTAL
TOTAL INCOME TOTAL EXPENSES =

MONTHLY
BUDGET
AMOUNT
RM 600
RM 100
RM 700
RM 42
RM 20
RM 35
RM 28
RM 20
RM 30
RM 44
RM 68
RM 287
RM 413

MONTHLY
ACTUAL
AMOUNT
RM 550
RM 75
RM 625
RM 32
RM 18
RM 32
RM 22
RM 16
RM 22
RM 33
RM 68
RM 243
RM 382

DIFFERENCE
RM 50
RM 25
RM 75
RM 10
RM 2
RM 3
RM 6
RM 4
RM 8
RM 11
RM 98
RM 31

BUDGET FOR SEPTEMBER

CATEGORY

DESCRIPTION

MONTHLY

MONTHLY

DIFFERENCE
13

INCOME
TOTAL
ACADEMIC
EXPENSES
LIVING
EXPENSES
PERSONAL
EXPENSES

PARENTS CONTRIBUTION
SAVING
ALLOWANCE
BOOKS
STATIONARY
FOOD
GROCERIES
MEDICAL
ENTERTAINMENT
CLOTHING/SHOES
MISCELLANEOUS
UTILITIES (Broadband)

TOTAL
TOTAL INCOME TOTAL EXPENSES =

BUDGET
AMOUNT
RM 100
RM 100
RM 450
RM 650
RM 15
RM 200
RM 20
RM 20
RM 15
RM 20
RM 10
RM 68
RM 368
RM 282

ACTUAL
AMOUNT
RM 150
RM 150
RM 450
RM 700
RM 20
RM 220
RM 30
RM 20
RM 10
RM 20
RM 68
RM 68
RM 456
RM 244

RM 50
RM 50
RM 100
RM20
RM25
RM5
RM40
RM60

BUDGET FOR OCTOBER

14

CATEGORY

DESCRIPTION

INCOME

PARENTS CONTRIBUTION
SAVING
ALLOWANCE

TOTAL
ACADEMIC
EXPENSES
LIVING
EXPENSES
PERSONAL
EXPENSES

BOOKS
STATIONARY
FOOD
GROCERIES
MEDICAL
ENTERTAINMENT
CLOTHING/SHOES
MISCELLANEOUS
UTILITIES (Broadband)

TOTAL
TOTAL INCOME TOTAL EXPENSES =

MONTHLY
BUDGET
AMOUNT
RM 600
RM 100
RM 700
RM 42
RM 20
RM 35
RM 28
RM 20
RM 30
RM 44
RM 68
RM 287
RM 413

MONTHLY
ACTUAL
AMOUNT
RM 550
RM 75
RM 625
RM 32
RM 18
RM 32
RM 22
RM 16
RM 22
RM 33
RM 68
RM 243
RM 382

DIFFERENCE
RM 50
RM 25
RM 75
RM 10
RM 2
RM 3
RM 6
RM 4
RM 8
RM 11
RM 98
RM 31

BUDGET FOR NOVEMBER

CATEGORY

DESCRIPTION

MONTHLY

MONTHLY
15

INCOME
TOTAL
ACADEMIC
EXPENSES
LIVING
EXPENSES
PERSONAL
EXPENSES

PARENTS CONTRIBUTION
SAVINGS
ALLOWANCE
BOOKS
STATIONARY
FOOD
GROCERIES
MEDICAL
ENTERTAINMENT
CLOTHES/SHOES
MISCELLANEOUS
UTILITIES (broadband)

TOTAL
TOTAL INCOME TOTAL EXPENSES =

BUDGET
AMOUNT
RM 400
RM 150
RM 430
RM 980
RM 100
RM50
RM 150
RM 200
RM 80
RM 68
RM 648
RM 332

ACTUAL
AMOUNT
RM 200
RM 150
RM 430
RM 780
RM 78
RM 35
RM 100
RM 150
RM 54
RM 68
RM 485
RM 295

DIFFERENCE
RM 200
RM 200
RM 22
RM 15
RM 50
RM 50
RM 26
RM 163
RM 37

BUDGET FOR DECEMBER

CATEGORY

DESCRIPTION

MONTHLY
BUDGET

MONTHLY
ACTUAL

DIFFERENCE
16

INCOME

PARENTS CONTRIBUTION
SAVINGS
ALLOWANCE

TOTAL
ACADEMIC
EXPENSES

BOOKS
STATIONARY
FOOD
GROCERIES
MEDICAL
ENTERTAINMENT
CLOTHES/SHOES
MISCELLANEOUS
UTILITIES (broadband)

LIVING
EXPENSES
PERSONAL
EXPENSES

TOTAL
TOTAL INCOME TOTAL EXPENSES =

NAME

CLASS

AMOUNT
RM 400
RM 150
RM 430
RM 980
RM 100
RM 50
RM 100
RM 50
RM 100
RM 250
RM 100
RM 68
RM 818
RM 162

AMOUNT
RM 200
RM 150
RM 430
RM 780
RM 80
RM 35
RM 55
RM 36
RM 58
RM 150
RM 89
RM 68
RM 571
RM 209

RM 200
RM 200
RM 20
RM 15
RM 45
RM 14
RM 42
RM 100
RM 11
RM 147
RM 53

I.C NUMBER :
17

REFLECTION

Before doing this assignment, I never know how to manage my money. I like to
waste money on something that unnecessary for me to buy. Moreover, I do not realize
the importance to save money, but after finishing my monthly budget plan, I now know
how importance it is to do a budget plan and to save money.
I admit it was a little bit hard to finish this assignment but my group and I have
made some discussion and finally we can come up with an idea to finish up our
assignment. Throughout the process of finishing this assignment, I can get along better
with my entire group member. Other than that, I also have learned some mathematical
technique such as how to count interest and many more.
As a conclusion, this budget proposal gives me a lot of benefits that I can used to
plan my monthly budget after this. Last but not least, I have really enjoyed doing this
assignment.

NAME

CLASS

IC NUMBER :
18

REFLECTION

Praises to God because all the strength He gives me finally finish my

assignment. Based on my research and discussion with my group members, we finally
manage to complete my assignment successfully. After finishing this assignment I finally
found that budget is really important to all people in managing their finance. As a
student, it is important for me to plan my own budget.
Well, to be honest, I myself at first have many problems but I success doing this
assignment. It is because I got many help especially from my group members. They
explain a lot to me and I finally understood. As a result, I have completed the
assignment alongside with my group members.
During the assignment, I found out that planning a budget is a good thing. There
are many benefits that I got from planning the budget. Even a small budget can make a
big difference. It can save us from a lot of problem. It depends on ourselves whether to
do it or not. But as a student it is really important to do this. We should start from now
to get a better result in future.

NAME

CLASS

IC NUMBER

REFLECTION
19

After finishing this project, I have learnt few things. In my personal view, doing
this project in group has taught me about group cooperation. I knew that without
cooperation among team members, I will find difficulty to decide for my team. It is
absolutely a teamwork that helped me to solve this project.
Besides that, this project also taught me on how important it is to plan our own
budget. Before doing this assignment, I do less think about my money planning. After
doing this project, I realise how important to have a well-planned budget in order to
solve money problem which normally arise amongst student.
After making this project also, I just realise how important it is to manage our money
well without excluded to save the money no matter how little it is. As a conclusion, doing
this project had taught me how to work in group better besides knowing how to manage
and spend our money well.

NAME

CLASS

IC NUMBER :

REFLECTION
20

First of all, I want to say thank you to --- our Basic Math lecturer for all her help in
explaining to us on how to do this assignment. Also thanks to all the people that have
helped us in doing our assignment. Finally, I want to say thank you to all my group
members for their cooperation in order to do this assignment.
Throughout the process of doing this assignment all of us including my group
members had encountered many kinds of problem. For example, when we were trying
to make a group meeting, we have problem in deciding the right time where everyone
will be able to attend the meeting. Also, when we were trying to divide our work there is
an argument where we wanted to do the same work. However, we still able to cooperate
with each other and solve the entire problem that we had.
From this assignment, I have learnt on how to be more cooperative between
group members and learn more on teamwork. I also learned on the importance of
planning our budget. With this assignment I have learned how to do a budget planning,
and I will surely start to do my own budget planning to help me save money and not use
it for non-important things.

NAME

CLASS

IC NUMBER :

21

REFLECTION

After finishing this assignment, I now know how to plan my budget and save my
money. Besides that, I also know about the importance and rational of planning budget.
I would like to thanks to all my group members for their cooperation during the making
of this assignment. Without their cooperation I am sure that this project will not finish on
time.
Planning a budget is not easy as we have to calculate all the saving and
expenses in order to get a good budget. Furthermore, we had to consider all the factors
in planning a budget so that our budget on expenses will not over of our saving. After
considered all factors, we had come out with our own budget and hope that this budget
is the best budget that ever planned.
I also increase my cooperation to other people after doing this assignment. I
hope that after this I can plan my own budget without other people helps and manage
my financial wisely. I also hope that this coursework will be done again in the future so
that the future generation of teacher will also learn about how to plan a budget.
Finally, I am glad that our group finished our project on time and all problems that
occurred during the making of this assignment had been overcome and we manage to
finish this assignment.

22