Credit Infographic

Today in business I have been tasked of making a poster about credit and also loans. This poster tells you the Pros and Cons about credit and a tip on how to find out who to get a loan from.

Just in case if you didn't get from what I'm saying, say if you borrow a loan from someone, are you able to pay it back once you used it? that's one of the questions. Another question is whether it is a need or a want. if for a want loss of money could occur or could put you into debt. You could probably just save up from work anyways. If a need, go ahead and spend it, this is for survival anyways.

Anyways this task was pretty quick and simple. I think I did well, the poster shows the pros and cons to credit also I could have changed your mind about credit good or bad you tell me, and even loan decisions on who can get one from even how to spend one. 

Do you think this will help make good decisions about who to get a loan from and how to spend it? if no please tell me why.

I have learnt this information in class and quite enjoyed making this poster.

Planning a Social event

In business, I have been tasked of doing a social event plan, this involves a budget of $5k and we need to sort out how are we going to use our money, plus we are gonna need to sort out people who have specific careers like a DJ and security.

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Venue: the location we are doing this is on a Hagley Park and its a firework show.

Start's at 5pm, ends at 10pm.

-$20 per hour security, hire 4 unarmed security guards, -$400 total.

-$2,500: firework show,

-$80 per hour: Bunnings Warehouse outdoor Verve Pallas 4 x 5W LED Spotlight, -$400 total.

-$0 Food trucks will be coming for free.

-$350 rent, Fence surrounding the area, 100m per fence (except entrance 50m), square shape.

-$755, plastic Seats 100x $5, plastic tables 50x $15 each.

-$140 each wheelie bin 3x, -$420.

-$30 plastic bins 3x 10 each.

-23 per hour clean up crew, $115 clean up after the show.

$5000 - $2500 - $400 - $400 - $350 - $755 - $420 - $115 - $30 = $30

Total Spent: $4970

Surplus: $30 

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This was a fun activity that involved budgeting. I think I did well in this because I did some calculations and  I had to research prices for specific services and products. When it comes to budgeting you have to be exact on what things you want/need to buy, example like how are people going to see and where are they gonna sit.

Sources: 

Mitre 10, Bunnings Warehouse,

 

Savings Animation

 Savings Animation

Today in Business Studies we have been learning about savings/budgeting. So I'm here to show you my learning so far, to you guys. Plus this might teach you something about savings. I have made a cartoon slide to show you the basic's of savings sit back relax and enjoy. 

So what is Savings and why is it important? Savings is basically an extra amount of money (income not spent) that you have but in a place where it is safe. You could use it to be more secure in life just in case a bump in the road might occur. This bump is thought to be bills and fees etc. 

How do you get a savings account? Well if you don't want to do it with you could just get a piggy bank or you could do this step by step savings account guide.

1. Compare your options. 

2. There are many financial institutions that offer savings accounts. 

3. Gather the required documents.

4. Choose a joint or individual account. 

5. Fund your account. 

6. Submit your application. 

7. Set up online banking. 

8. Interest rate. 

9. Fees.

(Mention choose a trustworthy bank of your choosing)

So what went well and what didn't go well during this? I guess what went well during this learning experience is that I could do an animation relating to this subject. What didn't go well is that it took a long time to make it. I feel like my learning is understandable to other people and I would like some feedback from people if it was difficult to understand or something I missed, it would be highly appreciated. I have used one website for this, the link is underlined and blue with the word guide if you wanted to know. Plus I've already learned this but it was still fun.

Budgeting Guide

Welcome to my blog and today's post is that I have been working on a budgeting guide that might help your budgeting plan succeed, and it might help you learn some new tips and tricks.

What is budgeting? A budget is the amount of money you can spend on future plans like parties etc. This is a very important thing that everybody should learn just in case you got a future event you have. But why do we need a budget? and How does it help us? Well here is a warning if you don't have a budget, you'll probably end up spending money that you don't even know how much you are spending, leading you to spend a lot. So you should use budgets to know how much you are actually spending, and here's why I made this poster/infographic, its to help you and teach you some tips and tricks about budgeting.

What can we do? (to budget) 

1. Step 1: Note your net income. The first step in creating a budget is to identify the amount of money you have coming in. 
2. Step 2: Track your spending. 
3. Step 3: Set your goals. 
4. Step 4: Make a plan. 
5. Step 5: Adjust your habits if necessary. 
6. Step 6: Keep checking in. 
7. This is on my poster/infographic.

As I was learning I have learned some tips, tricks, skills, etc. like for an example, and I've also learned how to organize a budget and more, and I also had some fun overall this experience was a fun learning experience and this could help me one day with budgeting. What went well in this assignment is that I get to be creative, and I guess what didn't go well is that I had to end up doing this on the weekends which is Halloween because I tried to be too creative. I hope this poster/infographic taught you something today :).

Hey guys what did you think of this post, did it go well or did it go bad if so could you please give some feedback down in the comments it would be highly apprenticed. Also, I only used google for the help of these answers.  

Anyways have a great Halloween Bye!

Budgeting Crossword - BST

 Budgeting Crossword Puzzle

In business, I have been assigned to make a budgeting crossword. I have included the meanings to some budgeting keywords and you guys can try and figure out what these budgeting keywords are. 

After researching various amounts of these words/meanings relating to the word 'Budgeting' I had some fun learning these, mostly because I don't know some of them, also mainly these words are needed when your older to help with bills, money etc, but I guess its a good idea to learn about them now so we don't have to worry and stress when we get older.

Answers if you get stuck because I suck at writing definitions

Budget: An amount of money you can spend

Income: receiving money for doing a job/work

Savings: An Income not spent and instead of putting aside

Surplus: When you have more money than you need, example cash is money left over after you have paid all of your bills

Deficit: When there isn't a sufficient amount of money to cover all of the expenses and debts

Spend: To give money for goods or services

Wants: To have a desire to own or do

Needs: An absolute craving of man to possess

Finance: The management of large amounts of money, like from governments or large companies

Price Fees: A fixed price charged for a specific service

Necessity: A requirement to survive.

Exchange: To give up something for something else 

Oh and also Do you think this information was useful or not? Why/why not?

and one more thing to add I used google to help with these answers.

Advertising A Hot Water Bottle

 

Innovation Challenge - Lincoln C & Jared W

1.

 Innovation Challenge

For this week we were assigned to do an innovation challenge and this challenge is to reuse a product and make changes to that product.

2. We use it to wash our hands and bodies, what we hate about it is that it sometimes gets into your eyes and it hurt horribly.

3. I want this product to not be slippery and not hurt when it gets into your eyes.

4. Some positive things about soap are that it cleans. Bathing soap prevents your skin from acne and pimples by cleaning the dirt and oil from the skin. The soap keeps the skin dry by removing the oil.

5. Remove the Alkaline from soap so that it doesn't hurt our eyes and replace it with something else

6. Make it bigger so that it could have a long time using it and clean more.

7. Butters and oils, dry flowers, Oatmeal, dry herbs, seeds, dead sea salt, Honey, milk. Some for fragrance, some are added as active ingredients and some are there to exfoliate or just to add some texture.

8. Soap should get an upgrade to have moisturizer in it so that after a shower we don’t have to put moisturizer on ourselves. The advantages of this are that you don't have to put moisturizer on ourselves after we take a shower. The Disadvantages are that some of the moisturizers was gonna get washed off.

Remove the Alkaline from soap so that it doesn't hurt our eyes and replace it with something else. The Advantages are that the alkaline from the soap doesn't hurt our eyes. Disadvantages we don't know what to replace the alkaline and it could be worse.

9. Link to the advertisement poster

      

Money Benefits and Disadvantages

Link to the drawing page

Today we had to write down the benefits and the disadvantageous about money.