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5. Savings If I manage to save R80 every month, how long must I save to buy myself a new computer game at R499.95? 6. Track your budget Using the table below, draw up a budget in your writing book. Complete your budget and track your actual expenses for the next month. \begin{tabular}{|l|l|l|l|}\hline Income & Actual amount & Estimated amount & Difference \\ \hline & & & months \\ \hline stimated total income & & & \\ \hline xpenses & & & \\ \hline & & & \\ \hline timated total expenses & & & \\ \hline Income & & & \\ \hline\end{tabular}

Ask by Collins Thornton. in South Africa
Feb 03,2025

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To buy a computer game costing R499.95 by saving R80 each month, you need to save for **7 months**. For tracking your budget, create a table with categories like Income, Expenses, and Net Income. List your estimated and actual amounts, calculate differences, and review your spending to manage your finances effectively.

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If you’re saving R80 every month and you want to buy a new computer game priced at R499.95, simply divide the cost of the game by your monthly savings. That means you will need to save for about 6.25 months. Since you can’t save for a fraction of a month, you'll need to save for at least 7 months to have enough to splurge on that game! Creating a budget can be a fun and eye-opening experience! Start by listing your sources of income, like allowances or job earnings, in the "Income" row. Then, estimate your expenses, like snacks or games, and track them throughout the month in the "Actual Amount" column. See how close you can stick to your budget, and adjust as necessary—it’s a rewarding way to stay in control of your finances!

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