Question

Mary’s family budget Mary is employed in a company where she earns Br.4,000 per month as a part­time employee. She also has her own business saloon and boutique where she gets Br.1,500 and Br.2,500 respectively every month. She has a husband (Abate) who is employed under a private company with a salary of Br.10,000 per month. He receives a bonus and allowances of Br. 2,500. The couple has two kids ­ Adisu and Sara ­ both of whom are primary school pupils. Adisu is in Grade Four and Sara is in Grade One. Mary and Abate pay Br.1,000 every month for their tuition fees. They also pay Br.200 for the school bus, Br.150 for sports and games, Br.300 for books and library services. They spend Br.1,600 every month for food. They pay Br.300 for postal services, Br.300 for electricity bills and Br.200 for water bills. They also buy house detergents at Br.100 every month and pay Br.800 for car maintenance and Br.1500 for fuel. They also go shopping once per month and spend Br.1,000. They pay Br.1,500 salary every month for a house maid and Br.1,000 for a gardener. Rent costs them Br.1,200 per month, and car insurance costs Br. 1200 per year. Mary and Abate want to build their own house. They decide to prepare a budget to find out how much they can save every month. Mary starts to prepare budget by tracking their income and expenditure for a month.
Required: Prepare a budget and monthly saving plan for Mary’s Family.

Answer 1

Explanation:

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Answer 2

Answer:

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