get lost in Korea
Ashlie's Savings 1061 x 3/7=$454.7143
=$454.71
Sophia's Savings 981 x 0.34=$333.54
Total: 454.71+333.54=$788.25
Bus Trip $NZ = 322791 x 2
807
=$799.9777
=$799.98
Merit
Air Tickets
1400 x 2 x 1.015=$2842.00
Travel Insurance
395 x 1.15=$454.25
Daily average allowance: JUNE/JULY
61 - 14 days bus trip = 47 days
47 x 230=$10,810
Time to save Total costs/total savings
(799.98+2842.00+454.25+10,810)/788.25=18.9105 weeks
=19 whole weeks
Therefore it will take them about 19 weeks to save for their trip.
They may need to take into account hidden costs (take precautions, things not working out) or unforeseen circumstances on the trip. Therefore they can calculate a maximum value in their budget.
An example, extra purchasing of products/duty free. Preparing for emergency funds, incidents, stolen property, accidents/medical.
Max value 230 + 19=249
249 x 47=$11,703
This will Affect the time to save.
Max Value
(799.98+2842.00+454.25+11,703)/788.25=20.0434
=21 whole weeks
It will take them approximately 21 weeks to save for their trip.
=$454.71
Sophia's Savings 981 x 0.34=$333.54
Total: 454.71+333.54=$788.25
Bus Trip $NZ = 322791 x 2
807
=$799.9777
=$799.98
Merit
Air Tickets
1400 x 2 x 1.015=$2842.00
Travel Insurance
395 x 1.15=$454.25
Daily average allowance: JUNE/JULY
61 - 14 days bus trip = 47 days
47 x 230=$10,810
Time to save Total costs/total savings
(799.98+2842.00+454.25+10,810)/788.25=18.9105 weeks
=19 whole weeks
Therefore it will take them about 19 weeks to save for their trip.
They may need to take into account hidden costs (take precautions, things not working out) or unforeseen circumstances on the trip. Therefore they can calculate a maximum value in their budget.
An example, extra purchasing of products/duty free. Preparing for emergency funds, incidents, stolen property, accidents/medical.
Max value 230 + 19=249
249 x 47=$11,703
This will Affect the time to save.
Max Value
(799.98+2842.00+454.25+11,703)/788.25=20.0434
=21 whole weeks
It will take them approximately 21 weeks to save for their trip.