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Budget for retirement

Think about what weekly expenses might be in today’s money.

• Take basics into account, such as insurance, maintaining the house and car, or replacing a major appliance.
• Build-in some funds for the unexpected.
• Think about the big things that might need to be paid for later on – like a new car, a new roof, or repainting the house.

1.What happen if you retire?

Many Kiwi Saver providers will let you remain in their Kiwi Saver Scheme and continue to manage your money for you even if you are eligible to withdraw – so although you won't receive any member tax credits, you can continue to save. You may also be able to consolidate any other retirement savings into the same account.

2.Time frame to their retirement?

You can access your Kiwi Saver savings at the age of 65. Once you’ve reached the age of 65 you can opt-out of this requirement and make a partial or full withdrawal, however, if you do so you will forego your entitlement to the Government contribution and compulsory employer contributions.

3.How much $ to invest?

When you join Kiwi Saver, you either pick a fund you want to invest in, or if you can't decide, the IRD picks one for you. After that, your employer must contribute the value of 3% of your gross salary into your Kiwi Saver fund. You will also have to contribute at least 3% of the gross amount.

4. How much do they went to pay in management fees?

Key Takeaways. The average fee for a financial advisor's services is 1.02% of assets under management (AUM) annually for an account of $1 million. An actively-managed portfolio usually involves a team of investment professionals buying and selling holdings–leading to higher fees.

Budgeting

 Different Stage Of Budgeting

Today we've Made a Prezi Presentation of Different Stages OF Budgeting. 

The Link: https://prezi.com/view/g7OeBiXiCsn81OS5XyD8/

Impulse Buying Brochure

 For the last week in business, we have been learning about impulse buying, what it is, why people do impulse buying and the consequences for impulse buying.

I have made a Brochure

Reflection - I really liked this task and it was quite easy, we had to blog about it and present it on your blogger in a nice way.

Business Puzzle

 This the Puzzle of my business class. We have been learning about banking and so we have made a puzzle for it.

Business Puzzle

This the Puzzle of my business class. We have been learning about banking and so we have made a puzzle for it.

 

Market Day

 Market Day

What worked well?

Strength

-No one was absent from our team.

-Everyone cooperated on what their supposed to do.

-The back up drink was cold for the hot day.

What worked not well?

Weak

-We were late to setup the WiFi.

-We haven't made a poster that we were gonna put on the table as everyone doing it.

-We were on a bad spot.

Merit

Strength

1.Everyone cooperated on what their supposed to do.

- Everyone in our group was doing work assign to them. For example Dylan and Matthew was at the spot, sale the game/drink. Cole and subhnesh was setup the gaming spot, advertising.

2.No one was absent from our team.

-This was a good thing cause each one of us had to bring something. If one of us were absent by accident were done and well be doing nothing. 

Weak

1.We were on a bad spot.

-We were late to business class because we stuck in our first period.

2.Late WiFi setup

-We forget to check the WiFi for the gaming .#

Excellence

Three change that could improve the business activity in the future.

-Choose a better spot to sell our product.

-Choose better team

-Keep everything ready and make everything we need to. Like the poster.

Business

  In Business Studies we have split into groups to work on a project, the project is to make a product and sell it on market day.

Group: Matthew, Subhnesh, Dylan and me (Cole).

Our product is called Fortnite N Drinks. Our idea is to bring a console into school with controllers, chargers and games. We will also bring drinks for the people that are playing. We will give each person around twenty minutes for a turn unless they die.  

We carried out our survey on 19 students of HHS. Our target was 75% to say yes, 20% to say no and 5% to say I hate it. 10 people said yes and two people said no however 7 students said to hate it, it’s trash.

We carried out our survey on 20 students of HHS. Our target was 15 people to say yes and 5 to no. 11 people said yes and 9 people said no.

We carried out our survey on 20 students of HHS. Our target for the more people to rate it should be the between 5 to 10. We had 5 people for rate 1, 0 people for rate 2, 1 person for rate 3, 2 persons for rate 4, 2 persons for rate 5, 1 person for rate 6, 6 people of rate 7, 0 people for rate 8, 2 people for rate 10.

We carried out our survey on 14 students of HHS. Our target for the pays was $2.50 because it was cheap.92.9% 0f the 19 people have said $2.50 however 7.1% of the 19 people said $4.00.

We carried out our survey on 18 students of HHS. We have no target for it. 7 peoples said yes and 4 said no and 7 said maybe.

Business studies

1.Who is in your group for running a business?  Sofia, Alesha, Sophie, Subhnesh.

2.How well did you work together in the term building activity?  very well. We have  the 2nd tallest tower.