exemplar for internal achievement standard digital ... · wages $600.00 $2,600.00 $31,200.00...

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


© 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 |

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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

Administrator

Rectangle

Administrator

Rectangle

Administrator

Rectangle

BryanG

Typewritten Text

4

BryanG

Typewritten Text

2

BryanG

Typewritten Text

3

BryanG

Typewritten Text

BryanG

Typewritten Text


© 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

++


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


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


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

Administrator

Rectangle

Administrator

Rectangle

BryanG

Typewritten Text

2

BryanG

Typewritten Text

3

BryanG

Typewritten Text


© 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


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


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/


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

Administrator

Rectangle

Administrator

Typewritten Text

1

Administrator

Rectangle

Administrator

Typewritten Text

2


© 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

Administrator

Rectangle

Administrator

Rectangle

BryanG

Typewritten Text

BryanG

Typewritten Text

5

BryanG

Typewritten Text

6

BryanG

Typewritten Text


© 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:






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


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


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/

http://www.valuewalk.com/201

2/10/ceos-of-blackrock-ups-

nasdaq-and-honeywell-weigh-

in-on-govt-debt/

4

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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


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

Administrator

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Administrator

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BryanG

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© 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:






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


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

Administrator

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Administrator

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1

Administrator

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Administrator

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exemplar for internal achievement standard digital ... · wages $600.00 $2,600.00 $31,200.00...

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