EQ - How is a budget created?
- Activator - Chalk Talk
- What do adults pay for on a monthly basis?
- White Board Groups - Estimations
- Mini Lesson - Cash Flows
- Spending Plan - Advanced Organizer
- Spending Plan - PowerPoint
- Classifying Income and Expenses (LEQ 1)
- Spending Plan Development Process (LEQ 2)
- Components of Spending Plans (LEQ 2)
- Identifying Spending Plan Components (LEQ 1 & 2)
- TOD
- List the steps of creating a spending plan.
- Muddy Points
- Try It - Budgeting Practice
DO NOW:
George works as a customer service representative and earns $33,000 per year after taxes. He has two savings accounts; one at a credit union and the other at a local bank. These accounts provide him with interest of $135 and $105 interest respectively. George just recently purchased a new car and owes $400 per month for his car payment. The car insurance company charges $185 per month and he estimates his upkeep and maintenance will cost him $50 a month. George rents a one bedroom apartment in a choice location for $950 per month. His utility bills cost him $225 per month. In addition, George pays $65 per month to park his car in a secured lot. George pays $125 per month for the latest iPhone and $125 for the Comcast Triple Play. His medical and dental insurance plans cost him $175 each per month. He shops frequently and spends $150 per month on clothes and $200 per month on groceries. Georges uses $125 of gasoline each month and uses $80 for dining out. He estimates his miscellaneous monthly expenses are $150.
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