Student G

Date: 2015-10-07; view: 605.

Student F

You insist that your budget should be flexible; you should expect that a budget will change from month to month, and will require monthly review. Cost overruns in one category of a budget should in the next month be accounted for or prevented. For example, if you spend ?40 more than you planned on food in spite of your best efforts, next month's budget should reflect an approximate ?40 increase and corresponding decrease in other parts of the budget.

Make use of the helpful phrases:

ö I am sure and it's my strong position, that ... .

ö Look here, … .

ö To speak plainly … .

ö Please, do consider my words carefully.

You are certain that special precautions need to be taken for operating on an irregular income, especially spending more than your average income, and running out of money even when income is on average. Spending, which will be relatively constant, needs to be maintained below that amount. You suggest that expenses should be kept 5% or 10% below the estimated income. To avoid running out of money because expenses occur before the money actually arrives (known as a cash flow problem in business jargon), a "safety cushion" of excess cash (to cover those months when actual income is below estimations) should be established.

Make use of the helpful phrases:

ö Mind that you should be very careful if ... .

ö You should keep … in mind, when … .

ö It's a silly fish that is caught twice with the same bait[11].

ö A need for… is paramount; … .