Professional Documents
Culture Documents
English For Finance and Banking's Case Study
English For Finance and Banking's Case Study
SAVINGS/INVESTING PLAN
You are a graduate, earning VND 12,000,000 (NET) per month. You attribute your financial savvy to the current job
and the courses (i.e. English for Finance and Banking) you have held over the past four years. These jobs helped you
save VND 50,000,000. You are currently making a savings and/or investment plan for 6 months, starting from May to
November 2020.
In order to make a feasible plan, you are advised to develop a basic plan tracking every VND you spend over the
course of a month (Step 1). After this, you should study various sources of savings and investment (or either) to weigh
pros and cons of these tools (Step 2). Following this, Step 3 develops a savings and investment (or either) plan to
boost your budget. In your writing, you need to: (1) Explain why you save and invest (or either); (2) Analyze at least 2
tools of investment and savings (or either) to justify why you have chosen them for your saving and investing (or
either) plan; (3) Explain returns and risks you may have; (4) Identify type(s) of tax applied in these cases.
Note: Your writing should have about 1,000 words in total.
1
Step 1. Developing a basic spending plan
To make sense of all of this information, you organize the information by using the budget template provided below. In
the category column, you will list all of your various expenses. In the Monthly Cost column, you will total up the cost for
each of the expenses. In the last column, you will calculate how much that item is as a percentage of your total costs.
This should help you determine where you spent most of your money in the past month.
1. Complete this chart with the information provided above:
Category Monthly Cost Percentage of
Total Costs
Coffee
Movies/ Entertainment
Food
Clothes
Education
Gas
TOTAL COSTS
Answer This:
2. After completing the chart, do some quick math to compare how much you should be saving per month and
to compare it to how much you are spending to determine your savings and investment (or either) plan.
2
Step 2. Study various sources of investment and savings (or either)
Study a list of investing and savings (or either) sources ( at least 3 for each) and weigh pros and cons of these
sources.
3
Step 3. Developing your saving and investing (or either) plan
(1) Explain why you save and invest (or either); (2) Analyze at least 2 tools of investment and savings (or either) to justify
why you have chosen them for your saving and investing (or either) plan; (3) Explain returns and risks you may have; (4)
Identify type(s) of tax applied in these cases.