Case Wor~ (2nd ~waMer)MY SAVINGS PLAN

I. INPUTS:• Using raw data from your eXLogs, prepare a visual summary of your spending behavior:"

i. Choose your main expense categories. This will depend on what information you want toknow about your spending habits and/or what expense category you intend to cut out anddraw savings from. This can be as detailed as you need it to be.

• e.g. general: food, transpo, etc.• e.g. detailed: meals, snacks, softdrinks, transpo, etc.

ii. Compute for your weekly expenses per categoryiii. Compute for your total expense per category (9 week's worth)iv. Compute for your average daily expense per categoryv. Compute your average daily income (allowance, stipends, etc.)

• Reflect on your spending behavior and experience during your eXLog weeks. Share anyinsights/realizations you may have had.

• Interview a parent or other adult relative concerning the topic of savings. You may use, but not belimited to, the following points as guide questions:"

i. What is your concept of saving? How important is saving in the story of our family's financiallife?

ii. How would you determine when to spend and when to save? What guidelines have you used?Examples and details would be helpful.

iii. What points-to-ponder would you like to share with me concerning the issue of savings?II. OUTPUT:

• Based on the inputs you have, design your own personalized savings strategy. Your savings strategyshould discuss, but not be limited to the following:

i. What percentage of your income would you want to save? How much savings are youtargeting for the duration of your savings plan (until December)? Explain how you came aboutthis figure.

ii. What percentage of your income will you allot for your expenses (by main category). includingsavings? From what expense category will you be sourcing your savings?

iii. What changes/action points are you willing to apply so that you will be able to reach yoursavings target? Give details and Exemplify.

iv. What challenges do you expect to face in implementing your savings strategy? Whatapprehensions do you have? Explain.

1 use graphs and/or other visual elements to make the data more attention-grabbing and appealing.2 make your summary of the interview on a separate one sheet of paper. Indicate the name and relationship of

your interviewee. Have your interviewee read and sign your summary ofthe interview.

MECHANICS:• Point System:

o Creative presentation of summary data of spending behavior (5 pts.)o Reflection on spending behavior and eXLog experience (5 pts.)o Summary Interview of parentis or adult relative (5 pts.)o Savings Strategy (5 pts.)

• Deadline: October 4, 2010 (Tuesday), 4:30 p.m.• Reminder: Generally, CaseWorks are opportunities to apply what you've learned in economics. The more

earnest you are in planning and executing your savings strategy, the more valuable your learning andexperience will be to you.

"To look is one thing.To see what you look at is another.