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Exemplar for internal assessment resource Digital Technologies for Achievement Standard 91071
© NZQA 2014
Exemplar for Internal Achievement Standard
Digital Technologies Level 1
This exemplar supports assessment against:
Achievement Standard 91071
Implement basic procedures to produce a specified digital information outcome
An annotated exemplar is an extract of student evidence, with a commentary, to explain key aspects of the standard. These will assist teachers to make assessment judgements at the grade boundaries.
New Zealand Qualification Authority
To support internal assessment from 2014
Exemplar for internal assessment resource Digital Technologies for Achievement Standard 91071
© NZQA 2014
Grade Boundary: Low Excellence
1. For Excellence, the student is required to efficiently implement basic procedures to produce a specified digital media outcome. This involves undertaking techniques and testing procedures in a manner that economises the use of resources in the outcome’s production and use. Work should be produced in a timely fashion, and should optimise the specific features of the tools. The student’s digital media outcome was a budgeting guide, in the form of an information sheet that draws data from a spreadsheet. They have efficiently implemented basic procedures throughout their work. They have demonstrated economy in the use of resources, using formulae that are correct and mostly efficient in the spreadsheet (2). The ‘fill’ tools in Excel were used (3), and the student has provided some examples of absolute values (4). The student has shown economic use of the page in the information sheet, by ensuring that the layout considers most of the principles of page layout and makes good use of the available space. The assessor supports the student’s Excellence grade in terms of the student working economically, indicating that the student had created PDFs of the information sheet, and had pre-sized the images prior to insertion (1). The assessor also indicated in the assessment that the student had made the best use of their time. For a more secure Excellence, the student could have related the links to the images more precisely (5). In the spreadsheet, the student could have used absolute values more, and considered the white background of some images to improve the look of the document (which would enhance its usability).
1 |
11bffvngn http://templefinance.com/wp-content/uploads/2012/08/Tips-for-Safe-and-Effective-Budgeting.jpg http://tx.english-ch.com/teacher/alvi/home/good-reasons-to-save-money-this-year/
11b11bffvffvngnngnngnngnhttphttpch.c
Budgeting Basic outline and tips
2 |
Saving money is cutting down on
necesseties and expenses. There are
many ways of doing this, for instance in
a house hold you could take shorter
showers or turn of switches or lights
when they are not being used. In
companies you could change the lighting
to power saver lights. Another good way
to save money is to use bank saver
accounts like kiwi saver, because they
add more money to your account
through interest.
Saving Money
Getting out of Debt The first stage of bugeting is getting out of debt.
It’s very easy to get into debt if you are not
carefull, if your not in control of what goes in
and comes out of your wallet it becomes very
easy to rely on loans or credit cards which
causes you to go into debt.
http://scm-l3.technorati.com/11/07/30/48511/saving- money.jpg?t=20110730071247debt.
Budgeting is saving money, setting
goals and sorting out debt. A budget
can be made by a person, family or
buisness. Budgeting is a summary of
estimated or intended expenditures for
a future period of time and financing
them.
Budgeting
http://www.lordemberstonesquest.com/wp-content/uploads/2010/12/invoice-factoring2-300x200.jpg
Student 1 page 1: Low Excellence
1
1
3 |
Step 1
Guide to Start
Budgeting
· Find out all your expenses e.g. rent,
phone, food. Then list your weekly
results into a table and work out
how much it costs monthly and
yearly
Step 2 · Find out what’s costing
you the most. An Easy way
to find this is graphing
your data, in a pie or chart.
In this graphs case
spending money on rent
takes up the most of their
money. The person could
use energy saver
appliances or take shorter
showers to spend less
money.
Step 3 · Find out where you are
losing the most money
and plan how you can cut
down on it. Even just
making little differences
will still help you out
monthly or yearly.
http://www.photo-dictionary.com/photofiles/list/7082/9460budget_planning.jpg http://almost60really.com/wp-content/uploads/2011/04/big-golden-dollar-sign.jpg
5
5
4 |
http://www.thedigeratilife.com/images/how-to-make-a-budget.jpg
Student 1 page 2
Low Excellence
Income Weekly Monthly Yearly
Wages 600 =D5/12 =B5*52 Income tax 0.15
Kiwisaver 0.02
Expenditure
Income Tax @ 15% =B5*$F$5 =C5*$F$5 =D5*$F$5
Kiwi Saver @ 2% =B5*$F$6 =C5*$F$6 =D5*$F$6
Rent 195 =D10/12 =B10*52
Food 100 =D11/12 =B11*52
Power =C12/4 165 =C12*12
Petrol =C13/4 150 =C13*12
Phone =C14/4 75 =C14*12
Cell phone =C15/4 19 =C15*12
Clothing =C16/4 150 =C16*12
Insurance Contents =D17/52 =D17/12 225
Car Registration =D18/52 =D18/12 240
Car Insurance =D19/52 =D19/12 325
Total Expenditure =SUM(B8:B20) =SUM(C8:C20) =SUM(D8:D20)
Balance =B5-B21 =C5-C21 =D5-D21
17% 2%
36% 19%
7%
6%
3% 1%
6%
1% 1% 1%
Expenditure
Income Tax @ 15%
Kiwi Saver @ 2%
Rent
Food
Power
Petrol
Phone
Cell phone
Clothing
Insurance Contents
Car Registration
Car Insurance
Exemplar for internal assessment resource Digital Technologies for Achievement Standard 91071
© NZQA 2014
Grade Boundary: High Merit
2. For Merit, the student is required to skilfully implement basic procedures to produce a specified digital information outcome. This involves:
showing accuracy in the application of techniques and testing procedures showing independence with regard to decision making in the application of
techniques and testing procedures. The student’s digital media outcome was a budgeting guide, in the form of an information sheet that draws data from a spreadsheet. They have skilfully implemented basic procedures, demonstrating accuracy with the use of correct formulae (2) and the ‘fill’ tools in their Excel spreadsheet (3). With regard to the accuracy of the information sheet, the student carried out the testing and checking, and there were no evident errors. The assessor’s judgement supports this, and also supports the criteria to show independence, because the student completed the work with no help. To reach Excellence, the student should accurately link the images to the hyperlinks provided (1). The student could use absolute values in the spreadsheet. The student also needs to be supported in the assessor’s marking, in terms of the economy that was shown in producing the outcome.
1 | P a g e B u d g e t i n f o r m a t i o n S h e e t
++
2 | P a g e B u d g e t i n f o r m a t i o n S h e e t
Budgeting the best way to save and track your income, budgeting is when you want
to limit your expenses to a certain amount so
you are saving money or paying off debt.
Budgeting can be used by anyone families,
businesses and by company owners who all
hope to save money. For more info go to
http://www.wikihow.com/Save-Money
Saving money is when you want to put money aside for others uses like vacation, buy
expenses, pay off debt or save for future use. To start saving money you need to
work out how much you earn per month and
then calculate how much you spend on which
item and then you could start working out
what isn’t need how to find a more efficient
method of doing it. (E.g.-Ride a bike to work
instead of a car or limit the amount of power
used at home.)
Debt is something that that you owe, this can be money, goods or a service. There
are two types of debt bad and good.
A good debt is something useful (e.g.
student loan for university because with
your degree and a job you will probably
make money over your lifetime.
A bad debt is something that doesn’t
increase in value over the years and is a
expense (e.g. video games and TVs
because they go down in price over time.)
To reduce debt you can decrease the amount of times you use your credit cards, cut
down on your on electrical devices to save power.by then you can start to making a
plan how to save money and pay off your debt.
Student 2 page 1: High Merit
3 | P a g e B u d g e t i n f o r m a t i o n S h e e t
Task 1
Start off by working out your
wages per week and then work
out all your expenses. (E.g. rent,
petrol, tax etc.) Then go on
excel and put on a table.
Task 2
Put all information on to a pie
graph and then figure out
what’s cost the most and then
cut out what you don’t need,
for example this person can use
his cars less and maybe use a
bus or a bike to reduce his
petrol costs.
Task 3
With the information you have
you can start to cut out what
you don’t need the then start to
save money, control your debt
and use money on things you
want.
Income Weekly Monthly Yearly
wages $600.00 $2,600.00 $31,200.00
expenditure
income Tax @15% $90.00 $390.00 $4,680.00
kiwi saver @ 2% $12.00 $52.00 $624.00
rent $195.00 $845.00 $10,140.00
food $100.00 $433.33 $5,200.00
power $38.08 $165.00 $1,980.00
petrol $34.62 $150.00 $1,800.00
phone $17.31 $75.00 $900.00
cell phone $4.38 $19.00 $228.00
clothing $34.62 $150.00 $1,800.00
insurance content $4.33 $18.75 $225.00
car registration $4.62 $20.00 $240.00
car insurance $6.25 $27.08 $325.00
total expenditure $541.19 $2,345.17 $28,142.00
balance $58.81 $254.83 $3,058.00
17% 2%
36% 19%
7%
6%
3% 1%
6%
1% 1%
1%
Monthly Expenditure income Tax @15%
kiwi saver @ 2%
rent
food
power
petrol
phone
cell phone
clothing
insurance content
car registration
car insurance
4 | P a g e B u d g e t i n f o r m a t i o n S h e e t
http://www.thewealthmagic.com/wp-content/uploads/2012/04/budgeting-
1024x680.jpg
http://www.financefox.ca/wp-content/uploads/2012/03/budgeting_planing_budget.jpg
http://cherienarknz.files.wordpress.com/2012/03/lots-of-money2.jpg
http://getting-in.com/wp-content/uploads/2012/09/Business-Studies-Budget-Sign.jpg
http://www.rnzfb.org.nz/uploads/members_images/DSC_7863.JPG
http://cdn2-
b.examiner.com/sites/default/files/styles/image_content_width/hash/b9/d4/1358962
582_6389_debt.jpg
http://turbinehq.com/wp-content/uploads/2013/01/Budgets-and-purchasing-in-
TurbineHQ.com_.jpg
1
Student 2 page 2: High MeritIncome Weekly Monthly Yearly
wages 600 =D3/12 =B3*52
expenditure
income Tax @15% =B3*15% =C3*15% =D3*15%
kiwi saver @ 2% =B3*2% =C3*2% =D3*2%
rent 195 =D8/12 =B8*52
food 100 =D9/12 =B9*52
power =D10/52 165 =C10*12
petrol =D11/52 150 =C11*12
phone =D12/52 75 =C12*12
cell phone =D13/52 19 =C13*12
clothing =D14/52 150 =C14*12
insurance content =D15/52 =D15/12 225
car registration =D16/52 =D16/12 240
car insurance =D17/52 =D17/12 325
total expenditure =SUM(B6:B17) =SUM(C6:C17) =SUM(D6:D17)
balance =B3-B19 =C3-C19 =D3-D19
17%
2%
36% 19%
7%
6%
3% 1% 6%
1% 1%
1%
Monthly Expenditure
income Tax @15%
kiwi saver @ 2%
rent
food
power
petrol
phone
cell phone
clothing
insurance content
car registration
car insurance
Exemplar for internal assessment resource Digital Technologies for Achievement Standard 91071
© NZQA 2014
Grade Boundary: Low Merit
3. For Merit, the student is required to skilfully implement basic procedures to produce a specified digital information outcome. This involves:
showing accuracy in the application of techniques and testing procedures showing independence with regard to decision making, in the application of
techniques and testing procedures. The student’s digital media outcome was a budgeting guide, in the form of an information sheet that draws data from a spreadsheet. The student has skilfully implemented basic procedures, demonstrating accuracy with the use of correct formulae (1) and the ‘fill’ tools in their Excel spreadsheet (2). In the information sheet, the student carried out the basic testing and checking, and there were no evident errors, so this demonstrates accuracy. The assessor indicated that the student had worked independently. For a more secure Merit, the student could have included a check total in the spreadsheet, and used images from creative commons that have no copyright issues.
Budgeting information Sheet
Page | 1
A Guide for A GuideA Gui foor
You ouYoYY
http://www.lmnblog.com/lmn/wp-
content/uploads/2011/04/budget.jpg
http://sj.sunne.ws/files/2011/09/Piggy
-Bank1.jpg
Budgeting information Sheet
Page | 2
A budget is a financial plan for the future concerning your income and expenses. Budgeting
is a process of putting your financial plan into action. To plan the future, pay off existing
debt and save money by reducing wasteful and impulsive purchases. Developing a budget is
smart and will hopefully allow you to pay your monthly expenses and have left over for
saving. In result the overall budget will show where your money is coming from, how much
is there and where it’s going.
Anyone who wants to take control of their financial life can benefit from a
budget. It uncovers your spending and earning patterns that may be
creating problems for you financially so you can decide what you want
to change.
Budgeting can be a very rewarding process, particularly when it
relieves the stress that comes from worrying about how to make
ends meet. It also frees up cash to put toward goals that will
improve your life. With a budget, you take control of your money —
and that provides great peace of mind. Think of it this way:
· Businesses have budgets so they can track their money and make
the best use of their resources. You should have a budget for the same
reasons.
A budget is a good debt management, without a budget it may ruin your plans from
escaping your debts. You can successfully get out of debt without a budget, but
how long will take and how much it would cost you. Instead, living out a
budget will make getting out of debt much easier.
A budget will help you to figure out how much you can spend to get out
of debt, Not only that, it also helps you to figure out where to
squeeze more money from your debt.
Once your debts are paid off, a budget will help you keep your
finances on track keeping out of debt. Also, a budget will help keep
your spending under control so you don’t have to rely on debt to make
ends meet.
http://1.bp.blogspot.com/-
SiIc5tAxqVA/UOTBGEYRm7I
/AAAAAAAAAFw/AmvH-
5Iavgk/s1600/thumbs_up_b
http://galacticconnection.com/imfs-
epic-plan-to-conjure-away-debt-and-
dethrone-the-bankers#
Student 3 page 1: Low Merit
Budgeting information Sheet
Page | 3
Creating a budget can help keep your financial income and expenses in order. Before you create a
budget you have to gather as much information about your financial status possible in order to
succeed.
ting a budget ca
budget you have to g
eed.
· Step 1
Creating Financial Goals
Creating goals can help you to be successful and allows you to see if you are progressing or
not. Your goals may include building savings, debt freedom or spending’s. Also it’s good to
have long-term and short-term goals.
· Step 2
Record Every Single Purchase You Make, Without Exception
It’s very good to record every dollar that leaves your pocket so you won’t underestimate
your monthly expenses. Underestimating your spending is one of the biggest budget
blunders. Knowing your spending habits will be you on the right track.
· Step 3
Create Spending Categories
Having a list of your monthly expenses can make you understand where your spending’s
come from. In addition to the obvious categories (food, clothing, cell phone), list all larger
non-monthly expenses (birthdays, future education fees). Don’t forget ‘fun money’ category,
you need to give yourself some breathing room once in a while buy the things you enjoy(
games, extra clothing or shoes).
· Step 4
Schedule Time to Create Your Budget
Determine the method and tools you will use to start you budget. You can use software,
pencil and paper, white boards, whatever to write your budget as long as it’s user friendly
and cheap.
· Step 5
Check Your Budget at the Beginning of Every Month
Budgeting should be a lifelong habit, being adaptable and flexible can help you to achieve
this. Checking your budget every month helps you to get into the
routine.
Page | 3 http://blog.budgetpulse.com/2009/07
/29/10-benefits-to-stay-on-your-
budget/
Budgeting information Sheet
Page | 4
An Example of a Budget Weekly Monthly Yearly Income
Wages $600.00 $2,600.00 $31,200.00
Expenditure
Income Tax @ 15% $90.00 $390.00 $4,680.00
Kiwi Saver @ 2% $12.00 $52.00 $624.00
Rent $195.00 $845.00 $10,140.00
Food $100.00 $433.33 $5,200.00
Power $38.08 $165.00 $1,980.00
Petrol $34.62 $150.00 $1,800.00
Phone $17.31 $75.00 $900.00
Cell phone $4.38 $19.00 $228.00
Clothing $34.62 $150.00 $1,800.00
Insurance Contents $4.33 $18.75 $225.00
Car Registration $4.62 $20.00 $240.00
Car Insurance $6.25 $27.08 $325.00
Total Expenditure $541.19 $2,345.17 $28,142.00
Balance $58.81 $254.83 $3,058.00
17%
2%
36% 19%
7%
6%
3%
1% 6%
1% 1%
1%
Monthly Expenditure
Income Tax @ 15%
Kiwi Saver @ 2%
Rent
Food
Power
Petrol
Phone
Cell phone
Clothing
Insurance Contents
Car Registration
Car Insurance
Weekly Monthly
Income
Wages 600 =D4/12
Expenditure
Income Tax @ 15% =B4*15% =C4*15%
Kiwi Saver @ 2% =B4*2% =C4*2%
Rent 195 =D9/12
Food 100 =D10/12
Power =D11/52 165
Petrol =D12/52 150
Phone =D13/52 75
Cell phone =D14/52 19
Clothing =D15/52 150
Insurance Contents =D16/52 =D16/12
Car Registration =D17/52 =D17/12
Car Insurance =D18/52 =D18/12
Total Expenditure =SUM(B7:B19) =SUM(C7:C19)
Balance =B4-B20 =C4-C20
Student 3 page 2: Low Merit Yearly
=B4*52
=D4*15%
=D4*2%
=B9*52
=B10*52
=C11*12
=C12*12
=C13*12
=C14*12
=C15*12
225
240
325
=SUM(D7:D19)
=D4-D20
17%
2%
36% 19%
7%
6%
3% 1%
6%
1% 1% 1%
Monthy Expenditure
Income Tax @ 15%
Kiwi Saver @ 2%
Rent
Food
Power
Petrol
Phone
Cell phone
Clothing
Insurance Contents
Exemplar for internal assessment resource Digital Technologies for Achievement Standard 91071
© NZQA 2014
Grade Boundary: High Achieved
4. For Achieved, the student is required to implement basic procedures to produce a specified digital information outcome. This involves:
applying a set of techniques to produce a digital information outcome that meets specifications
selecting the appropriate software applications and specific features to manage and present information
applying file management procedures applying design elements and/or formatting techniques as appropriate to the
outcome applying data integrity and testing procedures to ensure that the outcome meets
the specifications following legal, ethical and moral responsibilities as appropriate to the outcome.
The student’s digital media outcome was a budgeting guide, in the form of an information sheet that draws data from a spreadsheet. The student has implemented basic procedures, integrating a spreadsheet graph into a Word document (1) and meeting the specifications. The student has applied some of the page formatting features outlined in Explanatory Note 6 (EN6), for example: page numbers (2); creating, inserting, selecting and formatting components and headings (3). The student has also addressed most of the legal, moral and ethical responsibilities, providing links to identify the source of photos, and using appropriate language (4). With regard to testing and data integrity in the spreadsheet, the student used the ‘sum’ syntax for most of the formula (6). The student has also made the assumption that there are 4 weeks in a month (5). To reach Merit, the student needs to use the correct formulae (6) in the spreadsheet. A check total could be created and used, in order to demonstrate testing and potentially correct the number of weeks in a month (5). Better testing and review of the document would have improved the accuracy in the layout. The student would also need evidence to support the independence criteria.
1
Saving your money
http://www.123rf.com/photo_6125
736_calculator-and-pencil-icon-or-
symbol-illustration.html
2 2
These tips will help you are setting up a budget.
· The first thing you should do when setting up a budget is make
an expenditure table to find out your weekly, monthly and
yearly total expenditure during the time set then subtract that
from your wages and that’s your balance left over.
For example
When you’ve done that you can find out how much you can save
over a length of time and change you’re saving budget to the way
you like.
Example: if you have a balance of $150 per month you can save half
of that for over a year you will have $ 900 to spend or you could keep
saving and you will still have an extra $75 per month to spend.
Student 4 page 1: High Achieved
1
3
3
Although saving money can be difficult for some people for a number
of reasons, but if you can do it the reward is great even if you have a
little amount of money.
Remember if you save that much more you get more in return like
you can get that phone that just came out, you could get that that
new designer top in the shop window or that holiday advertised at
the travel company, anything you want could happen if you try.
4
http://www.pocruises.com.au/ours
hips/pages/pacificdawn.aspx
4
The best way to show your expenditure is to plot it is a graph with
the percentage of spending you have done weekly, monthly and
yearly.
Example: I have done a pie graph showing the percentage of money
spent in a month.
16%
2%
35% 18%
8%
7%
3%
1% 7%
1% 1% 1%
Monthly Expenditure
Income Tax @ 15%
Kiwi Saver @ 2%
Rent
Food
Power
Petrol
Phone
Cell phone
Clothing
Insurance Contents
Car Registration
Car Insurance
Info References
https://www.sorted.org.nz/a-z-guides/budgeting
http://en.wikipedia.org/wiki/Budget
4
1
Student 4 page 2: High Achievedweekly monthly yearly
wages 600 =SUM(B4*4) =SUM(C4*12)
expenditure
income tax @ 15% =SUM(B4*15%) =SUM(C4*15%) =SUM(D4*15%)
kiwi saver @ 2% =SUM(B4*2%) =SUM(C4*2%) =SUM(D4*2%)
rent 195 =SUM(B9*4) =SUM(C9*12)
food 100 =SUM(B10*4) =SUM(C10*12)
power =SUM(C11/4) 165 =SUM(C11*12)
petrol =SUM(C12/4) 150 =SUM(C12*12)
phone =SUM(C13/4) 75 =SUM(C13*12)
cell phone =SUM(C14/4) 19 =SUM(C14*12)
clothing =SUM(C15/4) 150 =SUM(C15*12)
insurance contents =SUM(C16/4) =SUM(D16/12) 225
car registration =SUM(C17/4) =SUM(D17/12) 240
car insurance =SUM(C18/4) =SUM(D18/12) 325
total expeniture =SUM(B9:B19) =SUM(C9:C19) =SUM(D9:D19)
balance =SUM(B4-B20) =SUM(C4-C20) =SUM(D4-D20)
16%
2%
35% 18%
8%
7%
3%
1% 7%
1% 1%
1%
monthly expeniture
income tax @ 15%
kiwi saver @ 2%
rent
food
power
petrol
phone
cell phone
clothing
insurance contents
car registration
car insurance
Exemplar for internal assessment resource Digital Technologies for Achievement Standard 91071
© NZQA 2014
Grade Boundary: Low Achieved
5. For Achieved, the student is required to implement basic procedures to produce a specified digital information outcome. This involves:
applying a set of techniques to produce a digital information outcome that meets specifications
selecting the appropriate software applications and specific features to manage and present information
applying file management procedures applying design elements and/or formatting techniques as appropriate to the
outcome applying data integrity and testing procedures to ensure that the outcome meets
the specifications following legal, ethical and moral responsibilities as appropriate to the outcome.
The student’s digital media outcome was a budgeting guide, in the form of an information sheet that draws data from a spreadsheet. The student has implemented basic procedures, integrating spreadsheet data (a table and graph) into a Word document (1), and this has met the specifications. Some of the formatting features outlined in EN6 have been applied, for example page numbers (2), and components for creating, inserting, selecting and formatting, such as using ‘word wrap’ around images (3). For a more secure Achieved, more care is needed in how the page is laid out, with a better understanding of the principles of layout. More use of the techniques outlined in EN6 could also be demonstrated. Creating a check total may have helped the student to notice the errors in the spreadsheet. The student has assumed that there are 4 weeks in a month and has used the ‘sum’ syntax in the formulae (5). The balance formula needs to allow for expenditure to change (6). Better testing and review of the document would have improved the layout. The attribution of the images could be clearer, and the use of creative commons images would help the work meet ethical criteria (4).
Student Name AS91071
http://templefinance.com/tips-for-
safe-and-effective-budgeting/
1 | P a g e
Student Name AS91071
What is budgeting?
A budget is a financial plan that you
choose to make. It is a certain
amount of money that you spend
each week on food, rent, clothes etc.
with a budget you will be able to
monitor your cash flow better and
without the worry of over spending on unnecessary items.
Why do we need to
budget?
People budget because they may
need the help financially or just may
want to cut back and save their
money for a holiday or something
else they may want. Budgeting is
just another way for someone to save some money instead of buying
random things they may never need in the future.
http://www.google.co.nz/imgres?q=budgeting&start=37
9&um=1&hl=en&safe=active&sa=N&tbo=d&biw=
http://tweakyourbiz.com/managem
ent/2012/01/20/5-steps-to-
successful-small-business-
Student 5 page 1 Low Achieved
2 | P a g e
Student Name AS91071
How to create your budget?
Creating a budget is an easy process.
All you have to do is look at your past
receipts and figure out how much you
spend on necessities e.g. bills and how
much you spend on non-necessities.
Then figure out what you don’t need
and stop buying it and focus on saving
some money. Set a goal for yourself
but make sure it is realistic and work your way up. If you reach your
saving goal spend a little on something that you want.
How do you get out of debt?
Debt is tricky to get out of but with the right
attitude it can be a simple step. First you need to
stop spending on things you don’t need just buy
the things that you depend on, and by that I
mean food, pay bills etc. not clothes or shoes or
random stuff. Set a goal for the appropriate
amount of money that you want to spend under,
and then write down everything you spend each
day and add it all up at the end of the month. If your spending is
below your set goal then that’s a great start but if you have exceeded
your spending goal then you need to figure out what you have to cut
out and what you can live without until you are out of debt.
http://theorganizedwife.wordpress.com/tag/fin
ances-2/
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2/10/ceos-of-blackrock-ups-
nasdaq-and-honeywell-weigh-
in-on-govt-debt/
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Student Name AS91071
Budgeting Graphs
Weekly Monthly Yearly
Income
Wages $600 $2,400 $28,800
Expenditure
Income Tax @ 15% $90 $360 $4,320
Kiwi Saver @ 2% $12 $48 $576
Rent $195 $780 $9,360
Food $100 $400 $4,800
Power $41.25 $165 $1,980
Petrol $37.50 $150 $1,800
Phone $18.75 $75 $900
Cell phone $4.75 $19 $228
Clothing $37.50 $150 $1,800
Insurance Contents $4.69 $18.75 $225
Car Registration $5.00 $20.00 $240
Car Insurance $6.77 $27.08 $325
Total Expenditure $463 $1,853 $22,234
Balance $137 $547 $6,566
16%
2%
35% 18%
8%
7%
3%
1% 7%
1% 1% 1%
Monthly Expenditure
Income Tax @ 15%
Kiwi Saver @ 2%
Rent
Food
Power
Petrol
Phone
Cell phone
Clothing
Insurance Contents
Car Registration
Car Insurance
1
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Student 5 page 2: Low AchievedWeekly Monthly Yearly
Income
Wages 600 =SUM(B4*4) =SUM(C4*12)
Expenditure
Income Tax @ 15% =SUM(B4*15%) =SUM(C4*15%) =SUM(D4*15%)
Kiwi Saver @ 2% =SUM(B4*2%) =SUM(C4*2%) =SUM(D4*2%)
Rent 195 =SUM(B9*4) =SUM(C9*12)
Food 100 =SUM(B10*4) =SUM(C10*12)
Power =SUM(C11/4) 165 =SUM(C11*12)
Petrol =SUM(C12/4) 150 =SUM(C12*12)
Phone =SUM(C13/4) 75 =SUM(C13*12)
Cell phone =SUM(C14/4) 19 =SUM(C14*12)
Clothing =SUM(C15/4) 150 =SUM(C15*12)
Insurance Contents =SUM(C16/4) =SUM(D16/12) 225
Car Registration =SUM(C17/4) =SUM(D17/12) 240
Car Insurance =SUM(C18/4) =SUM(D18/12) 325
Total Expenditure =SUM(B8:B19) =SUM(C8:C19) =SUM(D8:D19)
Balance =SUM(B4-463) =SUM(C4-1853) =SUM(D4-22234)
16%
2%
35% 18%
8%
7%
3% 1%
7%
1% 1% 1%
Monthly Expenditure
Income Tax @ 15%
Kiwi Saver @ 2%
Rent
Food
Power
Petrol
Phone
Cell phone
Clothing
Insurance Contents
5
6
Exemplar for internal assessment resource Digital Technologies for Achievement Standard 91071
© NZQA 2014
Grade Boundary: High Not Achieved
6. For Achieved, the student is required implement basic procedures to produce a specified digital information outcome. This involves:
applying a set of techniques to produce a digital information outcome that meets specifications
selecting the appropriate software applications and specific features to manage and present information
applying file management procedures applying design elements and/or formatting techniques as appropriate to the
outcome applying data integrity and testing procedures to ensure that the outcome meets
the specifications following legal, ethical and moral responsibilities as appropriate to the outcome.
The student’s digital media outcome was a budgeting guide, in the form of an information sheet that draws data from a spreadsheet. In this example, the student has assumed that there are 4 weeks in a month (1) and has created a bar graph that shows the amounts spent (2). The student was able to insert spreadsheet data into the Word document (3). The information sheet demonstrates basic editing and page layout. Some of the example techniques outlined in EN6 have been used, such as creating, selecting and formatting components. The student has addressed ethical responsibilities by using ‘clip art’ from Microsoft, and an included passage of text which was supplied by the school, but sourced from sorted.org.nz (6). To move to an Achieved level, the student would need to show that they had tested the document against the specifications. The graph provided needs to show percentages and monthly data, as required by the specifications (5). There should be a meaningful title for the graph (4), which explains the reason for the graph and data.
Budgeting for Teens 1 | P a g e All images from Microsoft clip art text from Sorted .org.nz
A budget is one of your best tools for reaching your goals – whatever your age or stage in life. It’s a
plan of what money you expect to receive and how you expect to spend it.
Who should have a budget?
Everyone can benefit from a budget. It’s not just for people who are having
trouble making ends meet.
If you’re spending less than you earn, use your budget to work out how
much you can put aside each pay to improve your financial position. We call
this ‘paying yourself first’.
If you’re spending more than you earn, use your budget to see where your
money is going. Then see if there are any ways you can cut your spending or
increase your income.
Tip: A tight budget is harder to stick to. Be realistic.
Making the most of your income
Budgeting isn’t just about watching your spending. How much you earn also
affects whether you have money left over for saving or paying off debt.
Why you need to grow your income
If your income doesn't grow you’ll effectively earn less each year just
because of inflation. So when you're planning your finances, don't forget to
include goals for growing your income.
Know what you’re worth
Do you know what someone in your position with your experience and skills
should be earning? Does your employer?
To find out what you're worth, read the situations vacant in your local paper
or check out the online job sites. You could even contact some recruitment
agencies to find out what a similar job to yours is currently paying.
You can also find broad salary information for different types of jobs on the
Careers New Zealand website.
Getting help
If you need help making a budget, or if you are having trouble making ends
meet, contact a budget adviser.
Student 6 page 1: High Not Achieved
2 | P a g e All images from Microsoft clip art text from Sorted .org.nz
Setting goals
Setting your financial goals puts you in charge of your money and your life.
Your goals can be short or long term, small or large, but they all need to be
achievable. The first step to getting sorted is to work out where you want to
be financially and what your priorities are.
How to set your goals
Be specific, realistic, and write down your goals. Keep each goal simple and
give it a timeframe and a dollar amount.
Set some big goals - like buying a home in the next five years or saving for
your retirement (this could be your biggest goal of all).
Set some smaller goals to help you get there – like saving for a deposit or
paying off your credit cards.
Actions to achieve your goals
Actions are the steps you take to reach your goals. Here are some examples:
If your goal is to save for a house deposit, your action may be to open a
savings account by next pay day and save $50 a week into this new account.
If your goal is to save for your retirement (or to save for a deposit on your
first home), your action might be to talk to your employer about joining
KiwiSaver.
If you pay your mortgage monthly, your goal could be to change to
fortnightly repayments of at least half the amount you were paying each
month. This will pay off your mortgage faster and save on interest.
Review your goals
Review your progress every six months or once a year, on a specific date
written in your diary or calendar. When you achieve a goal, celebrate! Then
set yourself a new goal.
New Year is a great time to think about your goals – write those
resolutions down!
6 3 | P a g e All images from Microsoft clip art text from Sorted .org.nz
Weekly Monthly Yearly
Income
Wages $600 $2,400 $31,200
Expenditure
Income Tax @ 15%
$90 $360 $4,680
Kiwi Saver @ 2% $12 $48 $624
Rent $195 $780 $10,140
Food $100 $400 $5,200
Power $41.25 $165 $1,980
Petrol $37.50 $150 $1,800
Phone $18.75 $75 $900
Cell phone $4.75 $19 $228
Clothing $37.50 $150 $1,800
Insurance Contents
$4.33 $19 $225
Car Registration $4.62 $20.00 $240
Car Insurance $6.25 $27.08 $325
Total Expenditure $552 $2,213 $28,142
Balance $48 $187 $3,058
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$4,680
$624
$10,140
$5,200
$1,980 $1,800 $900
$228 $1,800
$225 $240 $325
Chart Title
Series1
5
4
3
4 | P a g e All images from Microsoft clip art text from Sorted .org.nz
Student 6 page 2: High Not AchievedWeekly Monthly Yearly
IncomeWages 600 =B4*4 =B4*52
Expenditure
Income Tax @ 15% =B4*15/100 =C4*15/100 =D4*15/100Kiwi Saver @ 2% =B4*2/100 =C4*2/100 =D4*2/100Rent 195 =B9*4 =B9*52Food 100 =B10*4 =B10*52Power =C11/4 165 =C11*12Petrol =C12/4 150 =C12*12Phone =C13/4 75 =C13*12Cell phone =C14/4 19 =C14*12Clothing =C15/4 150 =C15*12Insurance Contents =D16/52 =D16/12 225Car Registration =D17/52 =D17/12 240Car Insurance =D18/52 =D18/12 325
Total Expenditure =SUM(B7:B19) =SUM(C7:C19) =SUM(D7:D19)
Balance =B4-B20 =C4-C20 =D4-D20
$0$2,000$4,000$6,000$8,000
$10,000$12,000
$4,680
$624
$10,140
$5,200
$1,980 $1,800 $900 $228
$1,800 $225 $240 $325
Chart Title
Series1