APPENDIX

Student name: Nguyen Thai Dan Ly

Date: 03/04/2023
You have finished your study at RMIT – You have to move to a city/province in Vietnam
You get no money or help from parents or friends. (Can’t live on family land or borrow from friends)
Everyone must have a job.
Everyone has normal 40 working hours per week and might work some extra hours with higher pay rate.
You might not have to work 40 hours per week.
No roommates --You must not go into debt.

City & province where you will live: Ho Chi Minh City
Field your job will be in: Business
What your pay rate should be: 110.000 VND/hour
What your working hours should be: 40 per week

1. Calculate your weekly GROSS income. (working hours times your pay rate) VND 4.400.000 VND
2. Calculate your taxes per week. 10% (0.10 x GROSS pay): VND 440.000 VND
3. Subtract your taxes from your weekly pay to get your NET pay. VND 3.960.000 VND

In this project you must meet the 4 basic needs: Food, Clothing, Shelter, and transportation.
SHELTER:
4. Find a place to rent (1 bedroom, 1 bath min) VND 3.000.000 VND/month.
5. Figure up utilities: Water, Electric, Gas, Phone, Internet, TV – Are any included in the rent?
- Water + Electric: 500.000 VND/month
- Phone + Internet: 200.000VND/month

FOOD:
6. How much a week will you spend on food? VND 800.000 VND Per month VND
3.200.000 VND
7. Where will you shop for food? Binh Trieu Market (just briefly name it)
8. Will you pack your lunch or eat out daily? Pack my lunch.

CLOTHING:
9. Set aside an amount you plan to spend on clothing and other essentails each
month. 1.000.000 VN Where: online (Tiktok, Facebook, Shoppee)

10. Your apartment DOES NOT have a washer & dryer. How much will you spend on laundry each
month? (VND 30,000 per wash load – VND 30,000 per load to dry) VND 0 VNĐ (washing
clothes by hand)

TRANSPORTATION:
Depending on where you live, you may need transportation to work. You can choose to drive or use public
transportation.
11. How will you get to work? driving motorbike
12. If you have a car/motobike, you must figure up gas, insurance, & maintenance.
a. Gas VND 350.000 VND/month (gas costs VND 30,000 per litre & you get 25 km to the litre)
b. Insurance VND 5.000 VND/month (you are young, it will be high)
c. Maintenance VND 45.000 VND/month (keeping your car running safely)
d. Total= VND 400.000
 Add up all of your expenses for 1 month
Name of Expense Monthly Bill
4. Rent a room VND 3.000.000
5. Water + Electric VND 500.000
6. Phone + Internet VND 200.000
7. Food VND 3.200.000
8. Clothing VND 1.000.000
9. Transportation VND
400.000

Total VND 8.300.000

Multiply your weekly NET pay by 4 Net Pay (line 3)

X4
VND15.840.000

Monthly NET Pay Monthly Expenses

15.840.000 VND 8.300.000 VND

Which one is more? Pay (Pay or Bills)

Are you in debt? No How much in debt or left over? 7.540.000 VND left over.
Is this enough money to spend on a date? Yes
Are you a guy? No
Do you plan to have a girlfriend/boyfriend? No
Be sure to include money that you would spend on dates, nightlife, etc., VND 0

What will you do with the money you have left over? (Make Specific plans)

SAVINGS

Long-term savings 1.500.000 VND

Investments 1.500.000 VND
Education Fund 1.500.000 VND
Enjoyment Fund 1.500.000 VND
Charity Fund 750.000 VND
Total 6.750.000 VND

NET MONTHLY CASH: 790.000 VND

How can you improve your chances of making more money?

- Working overtime with higher pay hour rate (150,000 VND)
- Asking for a raise or promotion after an effective year working.
- Considering applying for a higher position.
- Opening an online store
- Teaching some classes, workshops and onlline courses (150.000 VND/hour)