IMS, Jammu organized activity titled “The ₹30,000 Money Challenge” for BBA and BCA
The Management Club of the Institute of Management Sciences recently organized an engaging and thought-provoking activity titled “The ₹30,000 Money Challenge” for BBA and BCA students of the 3rd and 5th semesters. The activity involved students forming groups, each given a hypothetical monthly salary of ₹30,000. Their task was to plan a budget for the entire year, from January to December, considering essential expenses such as housing, food, transportation, savings, entertainment, and education.
With only 15 minutes for budget planning, each group had to think critically and creatively to balance their spending and savings. The exercise aimed to teach the students the importance of financial planning, enabling them to achieve both short-term satisfaction and long-term goals. Following the planning phase, each group presented their budget plan, explaining their allocation of funds and the rationale behind their financial decisions.
The winning group, Group 4, comprised of Aryan Kachroo (BBA 5), Nitesh Koul (BBA 5), Vibu (BBA 3), Suraj Raina (BCA 5), and Shubham Dhar (BBA 5), impressed the judges with their well-thought-out budget plan, showcasing an excellent balance between necessary expenses and savings. Congratulations to Group 4 for their outstanding performance in this insightful and practical challenge!
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