Anne works the whole year at a bank, but she doesn’t have saved up anything since she started her work. She decides to make a personal budget to have more control of her money.
INCOME: 921€
EXPENSES: 985€
Gas= 25€
Electricity=50€
Water=45€
Rent=250€
Petrol= 100€
Food=220€
Friends=50€
Gym=15€
Clothes=200€
Cinema=15€
Netflix= 15€
TOTAL: -64€
My discretionary expenses are: brand clothes, going out with friends, the gym, going to the cinema and paying Netflix. 295€
My fixed needs are: the rent, the gas, the electricity and the water.370€
My variable needs are: the petrol and the food.320€
YOU HAVE A DEFICIT. It means that your expenses are higher than your income!
Anne must make adjustments on her budget...
INCOME: 921€
EXPENSES: 918.1€
Savings= 92.1€
Gas= 25€
Electricity=50€
Water=45€
Rent=250€
Petrol= 100€
Food=200€
Friends=28.9€
Gym=15€
Clothes=100€
Cinema=15€
Netflix= 15€
TOTAL: 0€
ON SALE
125.000€
Some years later, Anne is still working at the bank. She likes her job and has good prospects at her company. The only problem is that her office is 20km away from her house...
I founda house, next to my office, on sale for 125.000€. I have saved enough for a 40% down payment. Should I ask for a mortgage to cover the rest?
VS
DISADVANTAGES
ADVANTAGES
Now, I will save the 10% of my savings including it as a fixed need. This way, I won't spend it at the end of the month.
Iwill pay my fixed expenses the same way as in the past.
Iwill eliminate going to the cinema because I prefer watching films on Netflix. Also, it's cheaper than watching them in the cinema.
I will spend 100€ in buying less brand clothes or non-brand clothes, and I will reduce 24€ of going out with her friends, and 20€ of food.
Now, she has to decide whatpercentage of her income she wants to spend on eachcategory.
FIXED NEEDS
VARIABLE NEEDS
DISCRETIONARY
NEEDS
N
Financing allow her to buy the house "inmediatly" andpay for it little by little.
Financing usually comes at a cost: interest
and fees.
50,17%
32,57%
17,25%
I recommend you to ask for the mortgage.The house is a real asset. That is, the house may increase its value in the future. Furthermore, you won't have to pay the rent of your old house anymore.
Ann decides to ask her friend for advise.
You are right! Thanks for your help
Anne works the whole year at a bank, but she doesn’t have saved up anything since she started her work. She decides to make a personal budget to have more control of her money.
INCOME: 921€
EXPENSES: 985€
Gas= 25€
Electricity=50€
Water=45€
Rent=250€
Petrol= 100€
Food=220€
Friends=50€
Gym=15€
Clothes=200€
Cinema=15€
Netflix= 15€
TOTAL: -64€
My discretionary expenses are: brand clothes, going out with friends, the gym, going to the cinema and paying Netflix. 295€
My fixed needs are: the rent, the gas, the electricity and the water.370€
My variable needs are: the petrol and the food.320€
YOU HAVE A DEFICIT. It means that your expenses are higher than your income!
Anne must make adjustments on her budget...
INCOME: 921€
EXPENSES: 918.1€
Savings= 92.1€
Gas= 25€
Electricity=50€
Water=45€
Rent=250€
Petrol= 100€
Food=200€
Friends=28.9€
Gym=15€
Clothes=100€
Cinema=15€
Netflix= 15€
TOTAL: 0€
ON SALE
125.000€
Some years later, Anne is still working at the bank. She likes her job and has good prospects at her company. The only problem is that her office is 20km away from her house...
I founda house, next to my office, on sale for 125.000€. I have saved enough for a 40% down payment. Should I ask for a mortgage to cover the rest?
VS
DISADVANTAGES
ADVANTAGES
Now, I will save the 10% of my savings including it as a fixed need. This way, I won't spend it at the end of the month.
Iwill pay my fixed expenses the same way as in the past.
Iwill eliminate going to the cinema because I prefer watching films on Netflix. Also, it's cheaper than watching them in the cinema.
I will spend 100€ in buying less brand clothes or non-brand clothes, and I will reduce 24€ of going out with her friends, and 20€ of food.
Now, she has to decide whatpercentage of her income she wants to spend on eachcategory.
FIXED NEEDS
VARIABLE NEEDS
DISCRETIONARY
NEEDS
N
Financing allow her to buy the house "inmediatly" andpay for it little by little.
Financing usually comes at a cost: interest
and fees.
50,17%
32,57%
17,25%
I recommend you to ask for the mortgage.The house is a real asset. That is, the house may increase its value in the future. Furthermore, you won't have to pay the rent of your old house anymore.
Ann decides to ask her friend for advise.
You are right! Thanks for your help
Anne works the whole year at a bank, but she doesn’t have saved up anything since she started her work. She decides to make a personal budget to have more control of her money.
INCOME: 921€
EXPENSES: 985€
Gas= 25€
Electricity=50€
Water=45€
Rent=250€
Petrol= 100€
Food=220€
Friends=50€
Gym=15€
Clothes=200€
Cinema=15€
Netflix= 15€
TOTAL: -64€
My discretionary expenses are: brand clothes, going out with friends, the gym, going to the cinema and paying Netflix. 295€
My fixed needs are: the rent, the gas, the electricity and the water.370€
My variable needs are: the petrol and the food.320€
YOU HAVE A DEFICIT. It means that your expenses are higher than your income!
Anne must make adjustments on her budget...
INCOME: 921€
EXPENSES: 918.1€
Savings= 92.1€
Gas= 25€
Electricity=50€
Water=45€
Rent=250€
Petrol= 100€
Food=200€
Friends=28.9€
Gym=15€
Clothes=100€
Cinema=15€
Netflix= 15€
TOTAL: 0€
ON SALE
125.000€
Some years later, Anne is still working at the bank. She likes her job and has good prospects at her company. The only problem is that her office is 20km away from her house...
I founda house, next to my office, on sale for 125.000€. I have saved enough for a 40% down payment. Should I ask for a mortgage to cover the rest?
VS
DISADVANTAGES
ADVANTAGES
Now, I will save the 10% of my savings including it as a fixed need. This way, I won't spend it at the end of the month.
Iwill pay my fixed expenses the same way as in the past.
Iwill eliminate going to the cinema because I prefer watching films on Netflix. Also, it's cheaper than watching them in the cinema.
I will spend 100€ in buying less brand clothes or non-brand clothes, and I will reduce 24€ of going out with her friends, and 20€ of food.
Now, she has to decide whatpercentage of her income she wants to spend on eachcategory.
FIXED NEEDS
VARIABLE NEEDS
DISCRETIONARY
NEEDS
N
Financing allow her to buy the house "inmediatly" andpay for it little by little.
Financing usually comes at a cost: interest
and fees.
50,17%
32,57%
17,25%
I recommend you to ask for the mortgage.The house is a real asset. That is, the house may increase its value in the future. Furthermore, you won't have to pay the rent of your old house anymore.
Ann decides to ask her friend for advise.
You are right! Thanks for your help
Anne works the whole year at a bank, but she doesn’t have saved up anything since she started her work. She decides to make a personal budget to have more control of her money.
INCOME: 921€
EXPENSES: 985€
Gas= 25€
Electricity=50€
Water=45€
Rent=250€
Petrol= 100€
Food=220€
Friends=50€
Gym=15€
Clothes=200€
Cinema=15€
Netflix= 15€
TOTAL: -64€
My discretionary expenses are: brand clothes, going out with friends, the gym, going to the cinema and paying Netflix. 295€
My fixed needs are: the rent, the gas, the electricity and the water.370€
My variable needs are: the petrol and the food.320€
YOU HAVE A DEFICIT. It means that your expenses are higher than your income!
Anne must make adjustments on her budget...
INCOME: 921€
EXPENSES: 918.1€
Savings= 92.1€
Gas= 25€
Electricity=50€
Water=45€
Rent=250€
Petrol= 100€
Food=200€
Friends=28.9€
Gym=15€
Clothes=100€
Cinema=15€
Netflix= 15€
TOTAL: 0€
ON SALE
125.000€
Some years later, Anne is still working at the bank. She likes her job and has good prospects at her company. The only problem is that her office is 20km away from her house...
I founda house, next to my office, on sale for 125.000€. I have saved enough for a 40% down payment. Should I ask for a mortgage to cover the rest?
VS
DISADVANTAGES
ADVANTAGES
Now, I will save the 10% of my savings including it as a fixed need. This way, I won't spend it at the end of the month.
Iwill pay my fixed expenses the same way as in the past.
Iwill eliminate going to the cinema because I prefer watching films on Netflix. Also, it's cheaper than watching them in the cinema.
I will spend 100€ in buying less brand clothes or non-brand clothes, and I will reduce 24€ of going out with her friends, and 20€ of food.
Now, she has to decide whatpercentage of her income she wants to spend on eachcategory.
FIXED NEEDS
VARIABLE NEEDS
DISCRETIONARY
NEEDS
N
Financing allow her to buy the house "inmediatly" andpay for it little by little.
Financing usually comes at a cost: interest
and fees.
50,17%
32,57%
17,25%
I recommend you to ask for the mortgage.The house is a real asset. That is, the house may increase its value in the future. Furthermore, you won't have to pay the rent of your old house anymore.
Ann decides to ask her friend for advise.
You are right! Thanks for your help
Anne works the whole year at a bank, but she doesn’t have saved up anything since she started her work. She decides to make a personal budget to have more control of her money.
INCOME: 921€
EXPENSES: 985€
Gas= 25€
Electricity=50€
Water=45€
Rent=250€
Petrol= 100€
Food=220€
Friends=50€
Gym=15€
Clothes=200€
Cinema=15€
Netflix= 15€
TOTAL: -64€
My discretionary expenses are: brand clothes, going out with friends, the gym, going to the cinema and paying Netflix. 295€
My fixed needs are: the rent, the gas, the electricity and the water.370€
My variable needs are: the petrol and the food.320€
YOU HAVE A DEFICIT. It means that your expenses are higher than your income!
Anne must make adjustments on her budget...
INCOME: 921€
EXPENSES: 918.1€
Savings= 92.1€
Gas= 25€
Electricity=50€
Water=45€
Rent=250€
Petrol= 100€
Food=200€
Friends=28.9€
Gym=15€
Clothes=100€
Cinema=15€
Netflix= 15€
TOTAL: 0€
ON SALE
125.000€
Some years later, Anne is still working at the bank. She likes her job and has good prospects at her company. The only problem is that her office is 20km away from her house...
I founda house, next to my office, on sale for 125.000€. I have saved enough for a 40% down payment. Should I ask for a mortgage to cover the rest?
VS
DISADVANTAGES
ADVANTAGES
Now, I will save the 10% of my savings including it as a fixed need. This way, I won't spend it at the end of the month.
Iwill pay my fixed expenses the same way as in the past.
Iwill eliminate going to the cinema because I prefer watching films on Netflix. Also, it's cheaper than watching them in the cinema.
I will spend 100€ in buying less brand clothes or non-brand clothes, and I will reduce 24€ of going out with her friends, and 20€ of food.
Now, she has to decide whatpercentage of her income she wants to spend on eachcategory.
FIXED NEEDS
VARIABLE NEEDS
DISCRETIONARY
NEEDS
N
Financing allow her to buy the house "inmediatly" andpay for it little by little.
Financing usually comes at a cost: interest
and fees.
50,17%
32,57%
17,25%
I recommend you to ask for the mortgage.The house is a real asset. That is, the house may increase its value in the future. Furthermore, you won't have to pay the rent of your old house anymore.
Ann decides to ask her friend for advise.
You are right! Thanks for your help
Anne works the whole year at a bank, but she doesn’t have saved up anything since she started her work. She decides to make a personal budget to have more control of her money.
INCOME: 921€
EXPENSES: 985€
Gas= 25€
Electricity=50€
Water=45€
Rent=250€
Petrol= 100€
Food=220€
Friends=50€
Gym=15€
Clothes=200€
Cinema=15€
Netflix= 15€
TOTAL: -64€
My discretionary expenses are: brand clothes, going out with friends, the gym, going to the cinema and paying Netflix. 295€
My fixed needs are: the rent, the gas, the electricity and the water.370€
My variable needs are: the petrol and the food.320€
YOU HAVE A DEFICIT. It means that your expenses are higher than your income!
Anne must make adjustments on her budget...
INCOME: 921€
EXPENSES: 918.1€
Savings= 92.1€
Gas= 25€
Electricity=50€
Water=45€
Rent=250€
Petrol= 100€
Food=200€
Friends=28.9€
Gym=15€
Clothes=100€
Cinema=15€
Netflix= 15€
TOTAL: 0€
ON SALE
125.000€
Some years later, Anne is still working at the bank. She likes her job and has good prospects at her company. The only problem is that her office is 20km away from her house...
I founda house, next to my office, on sale for 125.000€. I have saved enough for a 40% down payment. Should I ask for a mortgage to cover the rest?
VS
DISADVANTAGES
ADVANTAGES
Now, I will save the 10% of my savings including it as a fixed need. This way, I won't spend it at the end of the month.
Iwill pay my fixed expenses the same way as in the past.
Iwill eliminate going to the cinema because I prefer watching films on Netflix. Also, it's cheaper than watching them in the cinema.
I will spend 100€ in buying less brand clothes or non-brand clothes, and I will reduce 24€ of going out with her friends, and 20€ of food.
Now, she has to decide whatpercentage of her income she wants to spend on eachcategory.
FIXED NEEDS
VARIABLE NEEDS
DISCRETIONARY
NEEDS
N
Financing allow her to buy the house "inmediatly" andpay for it little by little.
Financing usually comes at a cost: interest
and fees.
50,17%
32,57%
17,25%
I recommend you to ask for the mortgage.The house is a real asset. That is, the house may increase its value in the future. Furthermore, you won't have to pay the rent of your old house anymore.
Ann decides to ask her friend for advise.
You are right! Thanks for your help
Anne works the whole year at a bank, but she doesn’t have saved up anything since she started her work. She decides to make a personal budget to have more control of her money.
INCOME: 921€
EXPENSES: 985€
Gas= 25€
Electricity=50€
Water=45€
Rent=250€
Petrol= 100€
Food=220€
Friends=50€
Gym=15€
Clothes=200€
Cinema=15€
Netflix= 15€
TOTAL: -64€
My discretionary expenses are: brand clothes, going out with friends, the gym, going to the cinema and paying Netflix. 295€
My fixed needs are: the rent, the gas, the electricity and the water.370€
My variable needs are: the petrol and the food.320€
YOU HAVE A DEFICIT. It means that your expenses are higher than your income!
Anne must make adjustments on her budget...
INCOME: 921€
EXPENSES: 918.1€
Savings= 92.1€
Gas= 25€
Electricity=50€
Water=45€
Rent=250€
Petrol= 100€
Food=200€
Friends=28.9€
Gym=15€
Clothes=100€
Cinema=15€
Netflix= 15€
TOTAL: 0€
ON SALE
125.000€
Some years later, Anne is still working at the bank. She likes her job and has good prospects at her company. The only problem is that her office is 20km away from her house...
I founda house, next to my office, on sale for 125.000€. I have saved enough for a 40% down payment. Should I ask for a mortgage to cover the rest?
VS
DISADVANTAGES
ADVANTAGES
Now, I will save the 10% of my savings including it as a fixed need. This way, I won't spend it at the end of the month.
Iwill pay my fixed expenses the same way as in the past.
Iwill eliminate going to the cinema because I prefer watching films on Netflix. Also, it's cheaper than watching them in the cinema.
I will spend 100€ in buying less brand clothes or non-brand clothes, and I will reduce 24€ of going out with her friends, and 20€ of food.
Now, she has to decide whatpercentage of her income she wants to spend on eachcategory.
FIXED NEEDS
VARIABLE NEEDS
DISCRETIONARY
NEEDS
N
Financing allow her to buy the house "inmediatly" andpay for it little by little.
Financing usually comes at a cost: interest
and fees.
50,17%
32,57%
17,25%
I recommend you to ask for the mortgage.The house is a real asset. That is, the house may increase its value in the future. Furthermore, you won't have to pay the rent of your old house anymore.
Ann decides to ask her friend for advise.
You are right! Thanks for your help