FIN2602 ASSIGNMENT 2 2026
DUE SEPTEMBER 2026
Question 1
Case Study: Feminist, Womanist and Bosadi Theorisation
Topics: Starting a Business, Investment Planning, Personal Financial Planning
Nandi is a 40-year-old single mother in a rural community who wants to start a home-
based bakery with R40 000 savings.
1.1 Explain why Nandi should prepare a budget before starting her business.
Nandi should prepare a budget because a budget is a financial plan and control
mechanism expressed in monetary terms that estimates expected income and
expenditure over a specific period. It enables her to determine whether the R40 000 is
sufficient to cover start-up costs equipment, ingredients, packaging, marketing, licences)
and ongoing operating expenses, while still meeting household needs. Without a budget
she risks cash-flow problems, overspending, or under-capitalising the business.
A budget is the foundation of personal financial planning and is essential for balancing
income and expenses, identifying surpluses or deficits, and achieving both business and
personal financial goals (Swart, 2016:37–58; Study Guide Study Unit 2; full notes on
personal financial budget).
DUE SEPTEMBER 2026
Question 1
Case Study: Feminist, Womanist and Bosadi Theorisation
Topics: Starting a Business, Investment Planning, Personal Financial Planning
Nandi is a 40-year-old single mother in a rural community who wants to start a home-
based bakery with R40 000 savings.
1.1 Explain why Nandi should prepare a budget before starting her business.
Nandi should prepare a budget because a budget is a financial plan and control
mechanism expressed in monetary terms that estimates expected income and
expenditure over a specific period. It enables her to determine whether the R40 000 is
sufficient to cover start-up costs equipment, ingredients, packaging, marketing, licences)
and ongoing operating expenses, while still meeting household needs. Without a budget
she risks cash-flow problems, overspending, or under-capitalising the business.
A budget is the foundation of personal financial planning and is essential for balancing
income and expenses, identifying surpluses or deficits, and achieving both business and
personal financial goals (Swart, 2016:37–58; Study Guide Study Unit 2; full notes on
personal financial budget).
