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Pocket Money - SEBI Investor Awareness Website - Securities and ...

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GO GOA!!!Rahul Verma is a very smart boy, all of fourteen, <strong>and</strong> livesin Delhi with his parents <strong>and</strong> younger sister Rimi, who is twelve.Rahul's father is a professor in a college <strong>and</strong> mother is ahome maker. It is the month of June, school will start in aweek's time. Rahul <strong>and</strong> Rimi have spent the entire vacationat their gr<strong>and</strong>parents' place. When they come back from theirgr<strong>and</strong>parents' place, they dem<strong>and</strong> for a vacation to some distantplace in their winter break. Their mother agrees that she toocould do with a change. They decide to tell the father aboutit when he returns from work.Mr. Verma was also excited about going on a vacation buthe told the family that he will not be able to take them to afar away place. But the hour long feature on Goa, which aT.V channel had recently covered, had done the job for thekids. They were already building s<strong>and</strong> castles in the air <strong>and</strong>taking the sea waves on their backs! So when their father offeredto take them to a nearby place, they insisted that they be takento Goa. Rimi said excitedly, "But daddy they told in that programthat winter is the best time to visit Goa! The climate will begreat <strong>and</strong> imagine what fun it would be to see the Christmascarnival there! Please daddy, let's go there"Finally Mr. Verma put his foot down <strong>and</strong> said, "I see you kidshave done your homework on this. I would love to take youto Goa children but I have a lot of things to take care of.Your school starts now. We need to buy you uniforms, schoolbags,books etc. I also have to save some money for your furthereducation. I can spare Rs. 10,000 <strong>and</strong> it would be impossiblefor us to go to Goa in that budget."Theory-WiseCash-flow statement:A record of your income<strong>and</strong> expenses.Theory-WiseBudget: Budget is aplan for the coordinationof resources <strong>and</strong>expenditures OR a projectionof one's earning<strong>and</strong> expenditure.The children were disheartened. But then their mother said,"Why don't we see how much a 5-day vacation in Goa wouldcost us <strong>and</strong> then may be we can try to do something…" Thekids saw a ray of hope again <strong>and</strong> urged their father to findout the details. So the father went online, did some calculations<strong>and</strong> declared that it would cost them Rs.40,000!13

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